New York, March 20 – JPMorgan Chase Financial Co. LLC priced $2.23 million of 0% capped dual directional buffered equity notes due Sept. 18, 2024 linked to the Invesco QQQ Trust, Series 1 and the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing ETF gains, the payout will be par plus that ETF’s return, capped at par plus 15%.
The payout will be par plus 200% of the absolute value of the worst performing ETF return if the worst performing ETF declines by no more than 20%.
Otherwise, investors will lose 1% for every 1% that the worst performing ETF declines beyond 20%.
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 ETFs: | Invesco QQQ Trust, Series 1 and SPDR S&P 500 ETF Trust
|
Amount: | $2,228,000
|
Maturity: | Sept. 18, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If worst performing ETF gains, par plus that ETF return, capped at par plus 15%; par plus 200% of absolute value of worst performing ETF return if worst performing ETF declines by no more than 20%; otherwise, 1% loss for every 1% that worst performing ETF declines beyond 20%
|
Initial levels: | $290.69 for Invesco QQQ Trust, Series 1, $385.36 for SPDR S&P 500
|
Cap: | 15%
|
Buffer: | 20%
|
Pricing date: | March 13
|
Settlement date: | March 16
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 0.4%
|
Cusip: | 48133UXC1
|
|
© 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.