By Kiku Steinfeld
Chicago, Aug. 9 – JPMorgan Chase Financial Co. LLC priced $706,000 of 0% uncapped dual directional buffered return enhanced notes due July 19, 2024 linked to the lesser performing of the iShares MSCI Emerging Markets ETF, the iShares MSCI EAFE ETF and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each underlier finishes above its initial level, the payout at maturity will be par plus 2.133 times the lesser-performing underlier’s return.
If the final level of one underlier is greater than its initial level and the final level of the other underlier is equal to its initial level or is less than its initial level by up to 10% or if the final level of each underlier is equal to its initial level or is less than its initial level by up to 10%, the payout will be par plus the absolute value of the lesser-performing underlier’s return.
If the final level of either underlier is less than its initial level by more than 10%, investors will lose 1% for every 1% that the lesser-performing underlier declines beyond 10%.
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: | Uncapped dual directional buffered return enhanced notes
|
| Underliers: | iShares MSCI EAFE ETF, iShares MSCI Emerging Markets ETF and Euro Stoxx 50 index
|
| Amount: | $706,000
|
| Maturity: | July 19, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each underlier finishes above initial level, par plus 2.133 times lesser-performing underlier’s return; if final level of one underlier is greater than initial level and final level of other underlier is equal to initial level or is less than initial level by up to 10% or if final level of each underlier is equal to initial level or is less than initial level by up to 10%, par plus absolute value of lesser-performing underlier’s return; if final level of either underlier is less than initial level by more than 10%, 1% loss for every 1% that lesser-performing underlier declines beyond 10%
|
| Initial levels: | $78.32 for EAFE, $53.59 for EM, 4,035.77 for index
|
| Buffer levels: | 90% of initial levels
|
| Pricing date: | July 16
|
| Settlement date: | July 21
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.45%
|
| Cusip: | 48132U2V4
|
|
|
© 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.
