By Wendy Van Sickle
Columbus, Ohio, May 9 – JPMorgan Chase Financial Co. LLC priced $3.04 million of 0% uncapped contingent buffered return enhanced notes due April 29, 2022 linked to the lesser performing of the Euro Stoxx 50 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If each asset finishes above its initial level, the payout at maturity will be par plus 2.5 times the gain of the worse performing asset.
If either asset falls but by no more than the 50% buffer, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing asset.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped contingent buffered return enhanced notes
|
| Underlying assets: | Euro Stoxx 50 and iShares MSCI EAFE ETF
|
| Amount: | $3,037,000
|
| Maturity: | April 29, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each asset finishes above its initial level, par plus 2.5 times the gain of the worse performing asset; if either asset falls by up to 50%, par; otherwise, 1% loss for each 1% decline of worse performing asset
|
| Initial levels: | $70.74 for EAFE ETF, 3,536.52 for Euro Stoxx
|
| Pricing date: | April 30
|
| Settlement date: | May 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.25%
|
| Cusip: | 48129MJC1
|
|
|
© 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.
