By Susanna Moon
Chicago, Feb. 1 – JPMorgan Chase Financial Co. LLC priced $85,000 of 0% uncapped contingent buffered equity notes due Jan. 29, 2021 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 fund finishes at or above its initial level, the payout at maturity will be par plus the greater of the gain and the contingent minimum return of 34%.
Investors will receive par if the fund falls by up to 25% and will lose 1% for each 1% decline if the fund falls by more than the 25% contingent buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Contingent buffered equity notes
|
| Underlying fund: | iShares MSCI EAFE ETF
|
| Amount: | $85,000
|
| Maturity: | Jan. 29, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus the greater of the gain and the contingent minimum return of 37% if fund gains; par if fund falls by up to 25%; otherwise, 1% loss for each 1% drop beyond 25%
|
| Initial level: | $60.07
|
| Contingent buffer: | 25%
|
| Pricing date: | Jan. 26
|
| Settlement date: | Jan. 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.25%
|
| Cusip: | 46646QHG3
|
|
|
|
|
© 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.
