By Wendy Van Sickle
Columbus, Ohio, July 18 – JPMorgan Chase Financial Co. LLC priced $540,000 of 0% contingent buffered return enhanced notes due Jan. 2, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes above its initial level, the payout at maturity will be par plus 1.4 times the gain.
If the index falls by up to 25%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Contingent buffered return enhanced notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $540,000
|
| Maturity: | Jan. 2, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains, par plus 1.4 times return; if index falls by up to 25%, par; otherwise, 1% loss per 1% decline
|
| Initial index level: | 3,395.6
|
| Pricing date: | June 29
|
| Settlement date: | July 5
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48129M5G7
|
|
|
© 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.
