By Taylor Fox
New York, March 12 – JPMorgan Chase Financial Co. LLC priced $154,000 of 0% capped buffered return enhanced notes due Feb. 28, 2023 linked to the lesser performing of the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index gains, the payout at maturity will be par plus 1.5 times the return of the lesser-performing index, capped at par plus 24%.
If either index finishes flat or falls by up to 10% of its initial level, the payout will be par.
If either index falls by more than 10%, investors will lose 1% for every 1% that the lesser-performing index 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
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Capped buffered return enhanced notes
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Underlying indexes: | Nasdaq-100 index and the S&P 500 index
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Amount: | $154,000
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Maturity: | Feb. 28, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index gains, the payout at maturity will be par plus 1.5 times the return of the lesser-performing index, capped at par plus 24%; if either index finishes flat or falls by up to 10% of its initial level, the payout will be par; if either index falls by more than 10%, investors will lose 1% for every 1% that the lesser-performing index declines beyond the buffer.
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Initial levels: | 12,909.44 for Nasdaq and 3,811.15 for S&P
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Buffer levels: | 90% of initial levels
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Pricing date: | Feb. 26
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Settlement date: | March 3
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.26623%
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Cusip: | 48132RRD4
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