Chicago, May 10 – JPMorgan Chase Financial Co. LLC priced $338,000 of 0% uncapped buffered return enhanced notes due March 27, 2024 linked to the lesser performing of the iShares MSCI Emerging Markets ETF and the iShares Global Clean Energy ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If each ETF gains, the payout at maturity will be par plus 1.25 times the return of the lesser-performing ETF.
If either ETF finishes flat or falls by up to 20% of its initial level, the payout will be par.
If either ETF falls by more than 20%, investors will lose 1% for every 1% that the lesser-performing ETF declines beyond the 20% buffer.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped buffered return enhanced notes
|
| Underlying ETFs: | iShares MSCI Emerging Markets ETF and the iShares Global Clean Energy ETF
|
| Amount: | $338,000
|
| Maturity: | March 27, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each ETF gains, par plus 1.25 times the return of lesser-performing ETF; par if either ETF finishes flat or falls up to 20% of initial level; 1% loss for every 1% that lesser-performing ETF declines beyond 20% buffer
|
| Initial levels: | $53.92 for EM, $23.90 for Clean Energy
|
| Buffer levels: | 80% of initial levels
|
| Pricing date: | March 22
|
| Settlement date: | March 22
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48132TEE2
|
© 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.
