By Wendy Van Sickle
Columbus, Ohio, Oct. 4 – JPMorgan Chase Financial Co. LLC priced $407,000 of 0% uncapped contingent buffered equity notes due Sept. 30, 2020 iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final fund level is greater than or equal to the initial level, the payout at maturity will be par plus the greater of the contingent minimum return of 31% and the fund return. If the fund falls by up to 25%, the payout will be par. If the fund falls by more than 25%, investors will lose 1% for every 1% that the final fund level is less than the initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped contingent buffered equity notes
|
| Underlying ETF: | iShares MSCI EAFE
|
| Amount: | $407,000
|
| Maturity: | Sept. 30, 2020
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | If the fund return is zero or positive, par plus the greater of the return and 31%; par if the fund falls by up to 25%; full exposure to any losses if fund drops by more than the contingent buffer
|
| Initial value: | $58.99
|
| Pricing date: | Sept. 27
|
| Settlement date: | Sept. 30
|
| Agents: | J.P. Morgan Securities LLC
|
| Fees: | 0.53133%
|
| Cusip: | 46646EXL1
|
|
|
© 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.
