By Sarah Lizee
Olympia, Wash., July 1 – JPMorgan Chase Financial Co. LLC priced $290,000 of 0% uncapped contingent buffered return enhanced notes due June 26, 2025 tied to the least performing of the Dow Jones industrial average, the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus 1.55 times the gain of the least performing index.
Investors will receive par if the least performing index falls by up to 30%.
Otherwise, investors will lose 1% for each 1% decline of the worst performing index.
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 contingent buffered return enhanced notes
|
Underlying indexes: | Dow Jones industrial average, S&P 500 and Nasdaq-100
|
Amount: | $290,000
|
Maturity: | June 26, 2025
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If each index finishes at or above initial level, par plus 1.55 times any gain of worst performing index; par if worst performing index falls by up to 30%; otherwise, 1% loss for each 1% decline of worst performing index
|
Initial levels: | 3,131.29 for S&P, 10,209.820 for Nasdaq and 26,156.10 for Dow
|
Contingent buffer: | 70% of initial levels
|
Pricing date: | June 23
|
Settlement date: | June 26
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 3.75%
|
Cusip: | 48132MFY2
|
|
© 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.