By Marisa Wong
Morgantown, W.Va., June 21 – JPMorgan Chase Financial Co. LLC priced $1.71 million of 0% uncapped contingent buffered return enhanced notes due May 31, 2024 linked to the lesser performing of the iShares MSCI EAFE exchange-traded fund and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the return of each underlying is positive, the payout at maturity will be par plus 2.58 times the return of the lesser performing underlying.
If either underlying falls but neither falls by more than 50%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing underlying.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped contingent buffered return enhanced notes
|
| Underlying assets: | iShares MSCI EAFE ETF and the Euro Stoxx 50 index
|
| Amount: | $1,714,000
|
| Maturity: | May 31, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 2.58 times any gain in lesser performing underlying; par if either underlying falls but neither falls by more than 50%; otherwise, 1% loss for every 1% decline of worse performer
|
| Initial values: | $64.15 for ETF and 3,348.86 for index
|
| Pricing date: | May 28
|
| Settlement date: | May 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3.87304%
|
| Cusip: | 48132CFX6
|
|
|
|
|
© 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.
