By Wendy Van Sickle
Columbus, Ohio, March 9 – JPMorgan Chase Financial Co. LLC priced $1.52 million of 0% capped barrier notes due Feb. 29, 2024 linked to the iShares Global Clean Energy ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the ETF finishes above its initial value, the payout at maturity will be par plus the gain, with the payout up to a maximum return of 270%.
If the ETF finishes flat or declines by up to 30%, the payout will be par. Otherwise, investors will be fully exposed to any decline.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped barrier notes
|
| Underlying ETF: | iShares Global Clean Energy ETF
|
| Amount: | $1,523,000
|
| Maturity: | Feb. 29, 2024
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus any gain, up to maximum return of 270%; par if ETF finishes flat or declines by up to 30%; otherwise, 1% loss for every 1% decline
|
| Initial value: | $26.79
|
| Barrier value: | $18.753, 70% of initial level
|
| Pricing date: | Feb. 24
|
| Settlement date: | March 1
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.95%
|
| Cusip: | 48132R6P0
|
|
|
© 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.
