By Wendy Van Sickle
Columbus, Ohio, April 30 – JPMorgan Chase Financial Co. LLC priced $1.4 million of 0% uncapped contingent buffered return enhanced notes due April 30, 2023 linked to the S&P 500 Low Volatility High Dividend index and the Euro Stoxx Select Dividend 30 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes above its initial level, the payout at maturity will be par plus 4.3 times the gain of the lesser-performing index.
If the either index falls but by no more than 50%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the lesser-performing index.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Uncapped contingent buffered return enhanced notes
|
Underlying indexes: | S&P 500 Low Volatility High Dividend and Euro Stoxx Select Dividend 30
|
Amount: | $1,398,000
|
Maturity: | April 30, 2023
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If each index finishes above its initial level, par plus 4.3 times gain of the lesser-performing index; if either index falls by up to50%, par; otherwise, 1% loss for each 1% decline of lesser-performing index
|
Initial index levels: | 2,644.69 for S&P, 1,531.665 for Stoxx
|
Pricing date: | April 25
|
Settlement date: | April 30
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 5%
|
Cusip: | 48129MHZ2
|
|
© 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.