By Wendy Van Sickle
Columbus, Ohio, May 24 – JPMorgan Chase Financial Co. LLC priced $40.55 million of 0% Performance Leveraged Upside Securities due July 31, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 13%.
Investors will be exposed to any losses.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Performance Leveraged Upside Securities
|
Underlying index: | Euro Stoxx 50
|
Amount: | $40,547,280
|
Maturity: | July 31, 2020
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 300% of any index gain, capped at 13%; 1% loss for each 1% decline
|
Initial level: | 3,386.72
|
Pricing date: | May 22
|
Settlement date: | May 28
|
Agent: | J.P. Morgan Securities LLC with Morgan Stanley Wealth Management handling distribution
|
Fees: | 2.25%
|
Cusip: | 48132E604
|
|
© 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.