By Sarah Lizee
Olympia, Wash., Dec. 24 – JPMorgan Chase Financial Co. LLC priced $5.2 million of 0% dual directional trigger Performance Leveraged Upside Securities due Dec. 9, 2022 linked to Apple Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If Apple shares finish at or above the initial level, the payout at maturity will be par of $10 plus 1.5 times the stock return, up to a maximum payout of 37.05%.
If the stock falls by up to the 70% trigger level, the payout will be par plus the absolute value of the stock return.
Otherwise, investors will lose 1% for each 1% decline of the stock.
J.P. Morgan Securities LLC is the agent. Morgan Stanley Wealth Management is handling distribution.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Dual directional Trigger Performance Leveraged Upside Securities
|
Underlying stock: | Apple Inc. (Symbol: AAPL)
|
Amount: | $5.2 million
|
Maturity: | Dec. 9, 2022
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | If stock gains, par plus 150% of return, capped at 37.05%; if stock falls by up to trigger level, par plus absolute value of return; otherwise, 1% loss for each 1% decline of the stock
|
Initial level: | $270.71
|
Trigger level: | $189.497, 70% of initial level
|
Pricing date: | Dec. 6
|
Settlement date: | Dec. 11
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 0.75%
|
Cusip: | 48132J769
|
|
© 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.