By Wendy Van Sickle
Columbus, Ohio, Aug. 11 – JPMorgan Chase Financial Co. LLC priced $1.17 million of 0% digital notes due Sept. 6, 2018 linked to the lesser performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
A trigger event occurs if either index closes below its trigger value, 70% of its initial level, on any day during the life of the notes.
If a trigger event does not occur, the payout at maturity will be par plus the digital return of 7.5%.
If a trigger event occurs but each index finishes at or above its initial level, the payout will be par.
Otherwise, investors will lose 1% for every 1% that the lesser-performing index finishes below its initial level.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Digital notes
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Underlying indexes: | Russell 2000 index and the Euro Stoxx 50 index
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Amount: | $1,172,000
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Maturity: | Sept. 6, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If a trigger event does not occur, par plus 7.5%; if a trigger event occurs but each index finishes at or above its initial level, par; otherwise, 1% loss for every 1% that the lesser-performing index finishes below its initial level
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Trigger event: | Either index closes below its trigger value on any day during the life of the notes
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Initial levels: | 1,425.144 for Russell and 3,449.36 for Euro Stoxx
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Trigger levels: | 997.6008 for Russell and 2,414.552 for Euro Stoxx; 70% of initial levels
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Pricing date: | July 31
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Settlement date: | Aug. 3
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.2506%
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Cusip: | 46647MVM2
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