New York, Dec. 28 – JPMorgan Chase Financial Co. LLC priced $258,000 of 0% uncapped dual directional accelerated barrier notes due May 3, 2027 linked to the MerQube US Tech+ Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout at maturity will be par plus 300% of the return of the index.
The payout will be par plus the absolute value of the index return if the index declines but finishes at or above the 69% barrier.
Otherwise, investors will lose 1% for every 1% that the index declines from initial level.
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 dual directional accelerated barrier notes
|
| Underlying index: | MerQube US Tech+ Vol Advantage index
|
| Amount: | $258,000
|
| Maturity: | May 3, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains, par plus 300% of index return; par plus absolute value of index return if index declines but finishes at or above 69% barrier; otherwise, 1% loss for every 1% that index declines from initial level
|
| Initial level: | 7,907.30
|
| Upside leverage: | 300%
|
| Barrier: | 5,456.037, 69% of initial level
|
| Pricing date: | April 28
|
| Settlement date: | May 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.75%
|
| Cusip: | 48133FTP0
|
|
|
© 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.
