By Taylor Fox
New York, Nov. 25 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% uncapped buffered return enhanced notes due Nov. 23, 2026 linked to the lesser performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If each index gains, the payout at maturity will be par plus 1.03 times the return of the lesser-performing index.
If either index finishes flat or falls by up to 20%, the payout will be par.
If either index falls by more than 20%, investors will lose 1% for every 1% that the lesser-performing index declines beyond the 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 indexes: | S&P 500 and Dow Jones industrial average
|
| Amount: | $1 million
|
| Maturity: | Nov. 23, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index gains, par plus 1.03 times return of lesser-performing index; par if either index finishes flat or falls up to buffer; 1% loss for every 1% that lesser-performing index declines beyond buffer
|
| Initial levels: | 29,438.42 for Dow and 3,567.79 for S&P
|
| Buffer levels: | 80% of initial levels
|
| Pricing date: | Nov. 18
|
| Settlement date: | Nov. 23
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48132PZK3
|
|
|
© 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.
