[1] Same as previous editions, the tournament acted as the CONMEBOL qualifiers for the FIFA U-20 Women's World Cup.

The top two teams of the tournament qualified for the 2016 FIFA U-20 Women's World Cup in Papua New Guinea as the CONMEBOL representatives.

[5] The draw of the tournament was held on 16 October 2015 during the CONMEBOL Executive Committee meeting at the Hyatt Hotel in Santiago, Chile.

If tied on points, tiebreakers would be applied in the following order:[5] All times were local, BRST (UTC−2).

The following two teams from CONMEBOL qualified for the FIFA U-20 Women's World Cup.