By Marisa Wong
Morgantown, W.Va., Sept. 13 – JPMorgan Chase Financial Co. LLC priced $356,000 of 0% uncapped dual directional contingent buffered return enhanced notes due Aug. 31, 2023 linked to the lesser performing of the iShares MSCI Emerging Markets exchange-traded fund and 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 each underlying finishes above its initial value, the payout at maturity will be par plus 1.6 times the gain of the lesser performing underlying.
If either underlying falls but neither falls by more than 50%, the payout will be par plus the absolute value of the return of the lesser performing underlying.
If either underlying falls by more than 50%, the payout will be par plus return of the lesser performer with full exposure to losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped dual directional contingent buffered return enhanced notes
|
| Underlyings: | iShares MSCI Emerging Markets ETF, Euro Stoxx 50 index
|
| Amount: | $356,000
|
| Maturity: | Aug. 31, 2023
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus 1.6 times any gain in lesser performing underlying; if either underlying falls but neither falls by more than 50%, par plus the absolute value of the return of the lesser performing underlying; otherwise, par plus return of the lesser performer with full exposure to losses
|
| Initial values: | $43.83 for ETF and 3,447.57 for index
|
| Pricing date: | Aug. 28
|
| Settlement date: | Aug. 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3.5%
|
| Cusip: | 48130UBX2
|
|
|
© 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.
