Chicago, Feb. 4 – JPMorgan Chase Financial Co. LLC priced $921,000 of 0% uncapped dual directional contingent buffered return enhanced notes due Jan. 31, 2024 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above the initial level, the payout at maturity will be par plus the greater of either 41%, the contingent minimum return, or the lesser performing index return.
If either index falls but by no more than the 35% contingent buffer, the payout will be par plus the absolute value of the return of the lesser-performing index.
If either index falls by more than 35%, investors will lose 1% for each 1% decline of the lesser-performing index.
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: | Uncapped dual directional contingent buffered return enhanced notes
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $921,000
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Maturity: | Jan. 31, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index gains, par plus the great of either 41% or the lesser-performing index; if either index falls by up to 35%, par plus absolute value of return of lesser-performing index; otherwise, investors will lose 1% for each 1% decline of the lesser-performing index
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Initial levels: | 2,704.10 for S&P, 1,499.419 for Russell
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Pricing date: | Jan. 31
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Settlement date: | Feb. 5
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.79465%
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Cusip: | 48130WQM6
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