By Wendy Van Sickle
Columbus, Ohio, March 1 – JPMorgan Chase Financial Co. LLC priced $785,000 of 0% uncapped dual directional contingent buffered return enhanced notes due Feb. 28, 2023 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes at or above the initial level, the payout at maturity will be 1.07 times the return of the lesser performing index.
If either index falls but by no more than the 30% contingent buffer, the payout will be par plus the absolute value of the return of the lesser-performing index.
If either index falls by more than 30%, investors will lose 1% for each 1% decline of the lesser-performing index.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Uncapped dual directional contingent buffered return enhanced notes
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Underlying indexes: | Russell 2000 and S&P 500
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Amount: | $785,000
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Maturity: | Feb. 28, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index gains, par plus 1.07 times return of lesser-performing index; if either index falls but by no more than 30% contingent buffer, par plus absolute value of return of lesser-performing index; if either index falls by more than 30%, investors will lose 1% for each 1% decline of the lesser-performing index
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Initial values: | 2,747.30 for S&P, 1,549.186 for Russell
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Pricing date: | Feb. 23
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Settlement date: | Feb. 28
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Agent: | J.P. Morgan Securities LLC
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Fees: | 3.30892%
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Cusip: | 48129H3Z8
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