JPMorgan to price digital equity notes due 2021 linked to S&P 500

By Sarah Lizee

Olympia, Wash., Sept. 1 – JPMorgan Chase Financial Co. LLC plans to price 0% digital equity notes due Oct. 6, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the index return is greater than or equal to the threshold level, 90% of the initial level, the payout at maturity will be the threshold settlement amount of $1,073.40 to $1,086.10 per $1,000 of notes.

Otherwise, investors will lose 1.1111% for every 1% index decline beyond the threshold level.

J.P. Morgan Securities LLC is the agent.

The notes will price on Sept. 4.

The Cusip number is 48132ML82.

© 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.