By Marisa Wong
Morgantown, W.Va., April 13 – JPMorgan Chase Financial Co. LLC priced $1.59 million of 0% contingent buffered equity notes due Oct. 3, 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 index return is positive, the payout at maturity will be par plus the return.
If the index stays flat or falls by up to 32.75%, the payout will be par.
Otherwise, investors will be fully exposed to the decline in the index.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Contingent buffered equity notes
|
Underlying index: | Euro Stoxx Banks index
|
Amount: | $1.59 million
|
Maturity: | Oct. 3, 2018
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the index return is positive, par plus the return; if the index stays flat or falls by up to 32.75%, par; otherwise, investors will be fully exposed to the decline in the index
|
Initial level: | 127.52
|
Final index level: | Average of index’s closing levels on five trading days ending Sept. 28, 2018
|
Pricing date: | March 31
|
Settlement date: | April 5
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 1.25%
|
Cusip: | 46646Q2C8
|
|
© 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.