By Taylor Fox
New York, March 22 – JPMorgan Chase Financial Co. LLC priced $609,000 of 0% capped dual directional buffered equity notes due June 14, 2022 linked to the lesser performing of the SPDR S&P Biotech ETF and the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
If each asset finishes above its initial level, the payout at maturity will be par plus the lesser-performing asset’s return, subject to a maximum upside return of par plus 18.35%.
If either asset falls by up to 15%, the payout will be par plus the absolute value of the lesser-performing asset’s return.
If the final level of either asset is less than its initial level by more than 15%, investors will lose 1% for every 1% that the lesser-performing asset declines beyond 15%.
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: | Capped dual directional buffered equity notes
|
| Underlying assets: | SPDR S&P Biotech ETF and the Energy Select Sector SPDR fund
|
| Amount: | $609,000
|
| Maturity: | June 14, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each asset finishes above its initial level, par plus the lesser-performing asset’s return, subject to a cap of par plus 18.35%; if the final level of either asset declines but not more than 15%, par plus the absolute value of the lesser-performing asset’s return; if either asset is less than its initial level by more than 15%, 1% loss for every 1% that the lesser-performing asset declines beyond 15%
|
| Initial levels: | $141.20 for S&P and $52.12 for Energy Select
|
| Buffer levels: | 85% of initial levels
|
| Pricing date: | March 9
|
| Settlement date: | March 12
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.225%
|
| Cusip: | 48132TDL7
|
|
|
© 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.
