By William Gullotti
Buffalo, N.Y., Feb. 14 – JPMorgan Chase Financial Co. LLC priced $2.81 million of 0% uncapped dual directional accelerated barrier notes Feb. 9, 2027 linked to the MerQube US Tech+ Vol Advantage index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 1.75 times any index gain.
If the index falls but finishes at or above 60% of its initial level, the payout will be par plus the absolute value of the index return.
Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Uncapped dual directional accelerated barrier notes
|
Underlying index: | MerQube US Tech+ Vol Advantage
|
Amount: | $2,807,000
|
Maturity: | Feb. 9, 2027
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the index finishes above initial level, par plus 1.75 times the index return; if the index declines but finishes at or above barrier level, par plus absolute value of the index return; otherwise, 1% loss for each 1% decline from initial level
|
Initial index level: | 9,028.25
|
Barrier level: | 5,416.95; 60% of initial level
|
Pricing date: | Feb. 4
|
Settlement date: | Feb. 8
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 5%
|
Cusip: | 48133C5Q1
|
|
© 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.