By Angela McDaniels
Tacoma, Wash., Oct. 18 – JPMorgan Chase Financial Co. LLC priced $5.7 million of 0% capped airbag gears due Dec. 7, 2017 linked to the 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 ETF return is positive, the payout at maturity will be par plus 1.5 times the ETF return, subject to a maximum gain of 16%. Investors will receive par if the ETF falls by up to 10% and will lose 1.1111% for each 1% that the ETF may decline beyond 10%.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Capped airbag gears
|
Underlying ETF: | iShares MSCI EAFE
|
Amount: | $5.7 million
|
Maturity: | Dec. 7, 2017
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If ETF return is positive, par plus 1.5 times ETF return, subject to 16% maximum gain; par if ETF falls by up to 10%; 1.1111% loss for each 1% that ETF may decline beyond 10%
|
Initial share price: | $57.57
|
Downside threshold: | $51.81, 90% of initial share price
|
Pricing date: | Oct. 14
|
Settlement date: | Oct. 19
|
Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
Fees: | 0.5%
|
Cusip: | 48128P860
|
© 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.