By Wendy Van Sickle
Columbus, Ohio, July 1 – JPMorgan Chase Financial Co. LLC priced $3.12 million of 0% Performance Leveraged Upside Securities due May 24, 2024 linked to a basket made up of four exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the Financial Select Sector SPDR fund with a 25% weight, the SPDR Gold Trust with a 25% weight, the VanEck Vectors Oil Services ETF with a 25% weight and the Energy Select Sector SPDR fund with a 25% weight.
The payout at maturity will be par of $10 plus 150% of any basket gain, subject to a maximum payment of $14.80 per PLUS.
Investors will be fully exposed to any basket decline.
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: | Performance Leveraged Upside Securities
|
| Underlying assets: | Energy Select Sector SPDR fund, Financial Select Sector SPDR fund, SPDR Gold Trust, VanEck Vectors Oil Services ETF, each with a 25% weight.
|
| Amount: | $3,118,200
|
| Maturity: | May 24, 2024
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 150% of any basket gain, subject to $14.80 maximum payment per PLUS; 1% loss per 1% decline
|
| Initial levels: | $52.16 for Energy, $37.58 for Financial, $176.04 for Gold, $212.76 for Oil Services
|
| Pricing date: | May 21
|
| Settlement date: | May 26
|
| Agent: | J.P. Morgan Securities LLC
|
| Distribution: | Morgan Stanley Wealth Management
|
| Fees: | 3%
|
| Cusip: | 46652Y877
|
© 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.
