New Issue: JPMorgan prices $2.28 million 12% callable contingent interest notes on indexes

Chicago, Sept. 12 – JPMorgan Chase Financial Co. LLC priced $2.28 million of callable contingent interest notes due March 11, 2025 linked to the least performing of the Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 12%, paid monthly, if each underlying index closes at or above its 70% coupon barrier on the related monthly observation date.

The securities may be called starting March 11, 2024 at par and on any subsequent monthly review date.

The payout at maturity will be par if all three indexes finish above their initial levels or none of the indexes have closed below their 67% trigger levels at any point during the life of the notes. Otherwise, investors will lose 1% for every 1% that the worst performing index declines if it finishes below its trigger value.

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:	Callable contingent interest notes
Underlying indexes:	Nasdaq-100 index, Russell 2000 index and S&P 500 index
Amount:	$2,275,000
Maturity:	March 11, 2025
Coupon:	12% annual rate, paid monthly, if each underlying index closes at or above its 70% coupon barrier on the related monthly observation date
Price:	Par
Payout at maturity:	Par if all three indexes finish above initial levels or none of the indexes have ever closed below trigger levels during life of the notes; otherwise, 1% loss for every 1% that worst performing index declines if it finishes below its trigger value
Call:	Starting March 11, 2024 at par and on any subsequent monthly review date
Initial levels:	15,371.44 for Nasdaq, 1,874.282 for Russell, 4,465.48 for S&P
Coupon barriers:	10,760.008 for Nasdaq, 1,311.9974 for Russell, 3,125.836 for S&P, 70% of initial levels
Trigger levels:	10,298.8648 for Nasdaq, 1,255.76894 for Russell, 2,991.8716 for S&P, 67% of initial levels
Pricing date:	Sept. 6
Settlement date:	Sept. 11
Agent:	J.P. Morgan Securities LLC
Fees:	0.6317%
Cusip:	48134ACA1

© 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.