By Marisa Wong
Morgantown, W.Va., April 5 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% digital dual directional contingent buffered notes due April 11, 2018 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final index level is at least 75% of the initial index level, the payout at maturity will be par plus 10.8%. Otherwise, investors will have one-to-one exposure to the index’s decline from its initial level.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Digital dual directional contingent buffered notes
|
Underlying index: | Euro Stoxx Banks index
|
Amount: | $1 million
|
Maturity: | April 11, 2018
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If final index level is at least 75% of initial index level, par plus 10.8%; otherwise, one-to-one exposure to index’s decline from initial level
|
Initial level: | 125.69
|
Final index level: | Average of index’s closing levels on five trading days ending April 6, 2018
|
Pricing date: | March 24
|
Settlement date: | March 29
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 1%
|
Cusip: | 46646QZ99
|
|
© 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.