By Wendy Van Sickle
Columbus, Ohio, Aug. 30 – JPMorgan Chase Financial Co. LLC priced $923,000 of 0% airbag gears due Aug. 31, 2021 linked to the iShares MSCI Emerging Markets 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 1.245 times any ETF gain.
Investors will receive par if the ETF falls by up to 20% and will lose 1.25% for each 1% decline beyond 20%.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Airbag gears
|
| Underlying ETF: | iShares MSCI Emerging Markets
|
| Amount: | $923,000
|
| Maturity: | Aug. 31, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF return is greater than zero, par plus 1.245 times ETF return; par if ETF declines by 20% or less; 1.25% loss for every 1% that ETF may decline beyond 20%
|
| Initial ETF level: | $36.76
|
| Pricing date: | Aug. 26
|
| Settlement date: | Aug. 31
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 0.5%
|
| Cusip: | 46646X746
|
|
|
© 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.
