By Angela McDaniels
Tacoma, Wash., June 4 – JPMorgan Chase Financial Co. LLC priced $654,000 of 0% uncapped dual directional buffered return enhanced notes due May 28, 2021 linked to the lesser performing of the iShares MSCI EAFE 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 underlier finishes above its initial level, the payout at maturity will be par plus 1.45 times the lesser-performing underlier’s return.
If the final level of one underlier is greater than its initial level and the final level of the other underlier is equal to its initial level or is less than its initial level by up to 15% or if the final level of each underlier is equal to its initial level or is less than its initial level by up to 15%, the payout will be par plus the absolute value of the lesser-performing underlier’s return.
If the final level of either underlier is less than its initial level by more than 15%, investors will lose 1% for every 1% that the lesser-performing underlier declines beyond 15%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped dual directional buffered return enhanced notes
|
| Underliers: | iShares MSCI EAFE ETF and Euro Stoxx 50 index
|
| Amount: | $654,000
|
| Maturity: | May 28, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each underlier finishes above initial level, par plus 1.45 times lesser-performing underlier’s return; if final level of one underlier is greater than initial level and final level of other underlier is equal to initial level or is less than initial level by up to 15% or if final level of each underlier is equal to initial level or is less than initial level by up to 15%, par plus absolute value of lesser-performing underlier’s return; if final level of either underlier is less than initial level by more than 15%, 1% loss for every 1% that lesser-performing underlier declines beyond 15%
|
| Initial levels: | $63.40 for ETF and 3,280.43 for index
|
| Pricing date: | May 31
|
| Settlement date: | June 5
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.50612%
|
| Cusip: | 48132CHW6
|
© 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.
