By William Gullotti
Buffalo, N.Y., April 13 – JPMorgan Chase Financial Co. LLC priced $4.5 million of 0% digital buffered notes due March 28, 2024 linked to Brent Crude Oil Futures Contract, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the commodity finishes at or above its buffer level, 70.2% of initial level, the payout at maturity will be par plus 15%.
Otherwise, investors will lose 1.4245% for every 1% of decline in commodity price beyond 29.8%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Digital buffered notes
|
| Underlying commodity: | Brent Crude Oil Futures Contract
|
| Amount: | $4.5 million
|
| Maturity: | March 28, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If commodity finishes at or above buffer level, par plus 15%; otherwise, 1.4245% loss for every 1% commodity decline beyond 29.8%
|
| Initial level: | $83.00
|
| Buffer level: | 70.2% of initial level
|
| Strike date: | Feb. 17
|
| Pricing date: | Feb. 21
|
| Settlement date: | Feb. 24
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48133U4A7
|
|
|
© 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.
