New Issue: JPMorgan prices $470,000 notes linked to iShares MSCI EAFE ETF

By Sarah Lizee

Olympia, Wash., Aug. 27 – JPMorgan Chase Financial Co. LLC priced $470,000 of 0% notes due Aug. 26, 2022 linked to the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the final ETF level is greater than the initial level, the payout at maturity will be par plus 80% of the ETF return.

Otherwise, investors will be exposed to the ETF’s decline, subject to a minimum payout of $950 per $1,000 principal amount of notes.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Notes
Underlying ETF:	iShares MSCI EAFE ETF
Amount:	$470,000
Maturity:	Aug. 26, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the final ETF level is greater than the initial level, par plus 80% of the ETF return; otherwise, investors will be exposed to the ETF’s decline, subject to a minimum payout of $950 per $1,000 principal amount of notes
Initial level:	$61.96
Pricing date:	Aug. 23
Settlement date:	Aug. 28
Agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	48132FDL7

© 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.