New York, Feb. 8 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% capped buffered return enhanced notes due Feb. 5, 2026 linked to the KraneShares CSI China Internet ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF gains the payout at maturity will be par plus 150% of the return of the ETF capped at par plus 44.25%. The payout will be par if the ETF declines but by no more than the 20% buffer. Investors will lose 1% for every 1% that the ETF declines beyond the buffer.
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 buffered return enhanced notes
|
| Underlying ETF: | KraneShares CSI China Internet ETF
|
| Amount: | $1 million
|
| Maturity: | Feb. 5, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF gains par plus 150% of ETF return capped at par plus 44.25%; par if ETF declines but by no more than 20% buffer; 1% loss for every 1% that ETF declines beyond the buffer
|
| Initial level: | $23.66
|
| Upside leverage: | 150%
|
| Cap: | 44.25%
|
| Buffer: | 20%
|
| Pricing date: | Feb. 1
|
| Settlement date: | Feb. 6
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.75%
|
| Cusip: | 48134TQ72
|
|
|
|
|
© 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.
