By Marisa Wong
Morgantown, W.Va., March 6 – JPMorgan Chase Financial Co. LLC priced $1.1 million of 0% digital notes due March 15, 2018 linked to the 10-year euro ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the rate finishes at or above the initial rate or falls by up to 40%, the payout at maturity will be par plus the contingent digital return of 10.5%.
Otherwise, investors will lose 1.66667% for each 1% decline beyond 40%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Digital notes
|
| Underlying rate: | 10-year euro ICE swap rate
|
| Amount: | $1.1 million
|
| Maturity: | March 15, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the rate finishes at or above the initial rate or falls by up to 40%, par plus 10.5%; otherwise, 1.66667% loss for each 1% decline beyond 40%
|
| Initial rate: | 0.696%
|
| Pricing date: | Feb. 24
|
| Settlement date: | March 1
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 46646QG41
|
|
|
© 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.
