By Wendy Van Sickle
Columbus, Ohio, March 3 – JPMorgan Chase Financial Co. LLC priced $6.06 million of capped buffered return enhanced notes due Feb. 28, 2019 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.
The payout at maturity will be par plus double any ETF gain, up to a maximum return of 22%.
Investors will receive par if the ETF falls by up to 10% and will be exposed to any losses beyond 10%.
The agent is J.P. Morgan Securities LLC.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Capped buffered return enhanced notes
|
Underlying ETF: | iShares MSCI EAFE
|
Amount: | $6,056,000
|
Maturity: | Feb. 28, 2019
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 2 times any ETF gain, capped at 22%; par if ETF declines by up to 10%; exposure to losses beyond 10%
|
Initial value: | $60.83
|
Pricing date: | Feb. 23
|
Settlement date: | Feb. 28
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 0.14481%
|
Cusip: | 46646QXH3
|
|
© 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.