By Sarah Lizee
Olympia, Wash., Dec. 11 – JPMorgan Chase Financial Co. LLC priced $195,000 of uncapped dual directional buffered equity notes due May 28, 2021 linked to the lesser performing of the iShares MSCI EAFE exchange-traded fund and Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus the lesser performing underlying return if both underliers finish above their initial values.
If either index declines, but not more than 10%, investors will receive the absolute value of the return of the lesser performing underlier.
Otherwise, investors will be exposed to the losses of the worst performer beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped dual directional buffered equity notes
|
| Underliers: | iShares MSCI EAFE exchange-traded fund and Euro Stoxx 50 index
|
| Amount: | $195,000
|
| Maturity: | May 28, 2021
|
| Price: | Par
|
| Payout at maturity: | Par plus worst performing underlier return if above initial level; par plus absolute value of underlier return of lesser performing underlier if worst performer falls, but not more than 10%; otherwise exposure to losses beyond 10%
|
| Initial levels: | $68.52 for iShares and 3,707.68 for Stoxx
|
| Buffer levels: | 90% of initial levels
|
| Pricing date: | Nov. 25
|
| Settlement date: | Nov. 29
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.98398%
|
| Cusip: | 48132F3T1
|
|
|
© 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.
