By William Gullotti
Buffalo, N.Y., Aug. 4 – JPMorgan Chase Financial Co. LLC priced $31.25 million of 0% capped enhanced participation equity notes due Nov. 3, 2023 linked to the Energy Select Sector index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index return greater than the initial level, the payout at maturity will be par plus 400% of the index return, subject to a maximum settlement amount of par plus 44.8%.
Investors will be fully exposed to any index decline.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Capped enhanced participation equity notes
|
Underlying index: | Energy Select Sector index
|
Amount: | $31,251,000
|
Maturity: | Nov. 3, 2023
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index gains, par plus 400% of the gain, capped at par plus 44.8%; if the index is flat or declines, one-to-one exposure to decline
|
Initial level: | 805.82
|
Pricing date: | Aug. 1
|
Settlement date: | Aug. 8
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 1.25%
|
Cusip: | 48133L6J6
|
|
© 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.