New Issue: JPMorgan sells $1.34 million review notes tied to three indexes

By Wendy Van Sickle

Columbus, Ohio, Feb. 22 – JPMorgan Chase Financial Co. LLC priced $1.34 million of 0% review notes due Feb. 8, 2024 linked to the lesser performing of the Russell 2000 index, the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual call premium of 10.9% if each index closes at or above its initial level on any semiannual review date.

If the notes are not called, the payout at maturity will be par unless any underlying index falls by more than 30%, in which case investors will be fully exposed to any losses of the worst performing index.

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:	Review notes
Underlying indexes:	S&P 500, Russell 2000 and Nasdaq-100 index
Amount:	$1,342,000
Maturity:	Feb. 8, 2024
Coupon:	0%
Price:	Par
Call:	At par plus 10.9% per year if each index closes at or above initial level on any semiannual review date
Payout at maturity:	If not called and each index finishes at or above trigger level, par; otherwise, 1% loss for each 1% decline of worst performing index
Initial levels:	3,886.83 for S&P, 2,233.327 for Russell and 13,603.96 for Nasdaq
Trigger levels:	2,720.781 for S&P, 1,563.3289 for Russell and 9,522.772 for Nasdaq, 70% of initial levels
Pricing date:	Feb. 5
Settlement date:	Feb. 10
Agent:	J.P. Morgan Securities LLC
Fees:	2.9%
Cusip:	48132RXB1

© 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.