Chicago, Nov. 10 – JPMorgan Chase Financial Co. LLC priced $2 million of 0% contingent digital buffered notes due May 12, 2025 linked to the common stock of Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock gains or falls by no more than its 15% buffer the payout at maturity will be par plus 21.1%. The payout will be par less 117.647% of the stock decline beyond the buffer.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Contingent digital buffered notes
|
| Underlying stock: | Walt Disney Co.
|
| Amount: | $2 million
|
| Maturity: | May 12, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If stock gains or declines but by no more than 15% buffer, par plus 21.1%; 117.647% of stock decline beyond the buffer
|
| Initial level: | $84.59
|
| Buffer level: | 85% of initial level
|
| Digital payment: | 21.1%
|
| Buffer: | 15%
|
| Downside leverage: | 117.647%
|
| Pricing date: | Nov. 8
|
| Settlement date: | Nov. 13
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.65%
|
| Cusip: | 48134RAC2
|
|
|
© 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.
