Chicago, Dec. 1 – JPMorgan Chase Financial Co. LLC priced $379,000 of 0% capped buffered equity notes due March 19, 2027 linked to the ARK Innovation ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF gains the payout at maturity will be par plus the return of the ETF capped at par plus 99%. The payout will be par if the ETF declines but by no more than the 25% buffer. Investors will lose 1% for every 1% that the ETF declines beyond the buffer.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered equity notes
|
| Underlying ETF: | ARK Innovation ETF
|
| Amount: | $379,000
|
| Maturity: | March 19, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF gains par plus ETF return capped at par plus 99%; par if ETF declines but by no more than 25% buffer; 1% loss for every 1% that ETF declines beyond the buffer
|
| Initial level: | $60.04
|
| Upside leverage: | 100%
|
| Cap: | 99%
|
| Buffer: | 25%
|
| Pricing date: | March 16
|
| Settlement date: | March 21
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 4.125%
|
| Cusip: | 48133DYM6
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
