By Susanna Moon
Chicago, Sept. 28 – JPMorgan Chase Financial Co. LLC priced $5 million of 0% dual directional trigger jump securities due Sept. 27, 2022 linked to a basket of four equally weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying indexes are the Hang Seng China Enterprises index, the Kospi 200 index, the MSCI Taiwan index and the MSCI Singapore Free index.
If the basket finishes at or above its initial level, the payout at maturity will be par of $10 plus the greater of the basket return and 47.25%.
If the basket falls but finishes at or above the 80% trigger level, the payout will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to any losses.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Dual directional trigger jump securities
|
| Underlying basket: | Hang Seng China Enterprises index, Kospi 200 index, MSCI Taiwan index and MSCI Singapore Free index, equally weighted
|
| Amount: | $5 million
|
| Maturity: | Sept. 27, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket gains, par plus return with floor of 47.25%; if basket falls by up to 20%, par plus absolute return; if basket finishes below trigger level, 1% loss per 1% decline
|
| Initial levels: | 11,109.00 for Hang Seng, 316.71 for Kospi, 389.86 for MSCI Taiwan and 359.00 for MSCI Singapore
|
| Trigger levels: | 80% of initial levels
|
| Pricing date: | Sept. 22
|
| Settlement date: | Sept. 27
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 48129J459
|
|
|
|
|
© 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.
