By Susanna Moon
Chicago, March 21 – JPMorgan Chase Financial Co. LLC priced $509,000 of 0% capped buffered return enhanced notes due Aug. 28, 2018 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any fund gain, up to a maximum settlement amount of $1,200.25 for each $1,000 principal amount.
Investors will receive par if the fund falls by up to 12.5% and will lose 1.1429% for each 1% decline beyond 12.5%.
J.P. Morgan Securities LLC is the agent.
The notes will be guaranteed by JPMorgan Chase & Co.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
|
| Underlying fund: | iShares MSCI EAFE ETF
|
| Amount: | $509,000
|
| Maturity: | Aug. 28, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any fund gain, capped at 20.025%; par if the fund falls by up to 12.5%; 1.1429% loss for each 1% decline beyond 12.5%
|
| Initial price: | $39.32
|
| Pricing date: | March 15
|
| Settlement date: | March 22
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 46646QT21
|
|
|
|
|
© 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.
