By Marisa Wong
Morgantown, W.Va., July 3 – JPMorgan Chase Financial Co. LLC priced $2.78 million of 0% capped buffered return enhanced notes due July 25, 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 1.5 times the gain, subject to a maximum return of 17.4%.
If the index falls by up to 15%, the payout will be par.
Otherwise, investors will lose 1.1765% for every 1% decline beyond 15%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
|
| Underlying index: | Euro Stoxx Banks index
|
| Amount: | $2,775,000
|
| Maturity: | July 25, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is positive, par plus 1.5 times the gain, subject to a maximum return of 17.4%; if the index falls by up to 15%, par; 1.1765% loss for every 1% decline beyond 15%
|
| Initial level: | 127.86
|
| Final index level: | Average of index’s closing levels on five trading days ending July 20, 2018
|
| Pricing date: | June 23
|
| Settlement date: | June 28
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.04%
|
| Cusip: | 46647MA86
|
|
|
© 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.
