By Susanna Moon
Chicago, Dec. 7 – JPMorgan Chase Financial Co. LLC priced $6.63 million of 0% capped buffered return enhanced notes due Oct. 30, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes above its initial value, the payout at maturity will be par plus 2 times the gain up to a maximum return of 20.75%.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond the buffer.
The agent is J.P. Morgan Securities LLC.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Capped buffered return enhanced notes
|
Underlying index: | S&P 500 index
|
Amount: | $6,633,000
|
Maturity: | Oct. 30, 2020
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 2 times any index gain, capped at 20.75%; par if index declines by up to 10%; 1% loss per 1% drop beyond 10%
|
Initial value: | 2,711.74
|
Pricing date: | Oct. 31
|
Settlement date: | Nov. 5
|
Agents: | J.P. Morgan Securities LLC
|
Fees: | 0.50167%
|
Cusip: | 48130UNC5
|
|
|
© 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.