New Issue: JPMorgan sells $3.06 million uncapped accelerated barrier notes on Stoxx, EAFE ETF

By Kiku Steinfeld

Chicago, May 24 – JPMorgan Chase Financial Co. LLC priced $3.06 million of 0% uncapped accelerated barrier notes due April 30, 2025 linked to the lesser performing of the Euro Stoxx 50 index and 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 each asset finishes at or above its initial level, the payout at maturity will be par plus 1.55 times the return of the worst performing asset.

If either asset falls but each asset finishes at or above the 70% barrier level, the payout will be par.

Otherwise, investors will be fully exposed to the decline of the worst performing asset.

The agent is J.P. Morgan Securities LLC.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Uncapped accelerated barrier notes
Underlying assets:	Euro Stoxx 50 index, iShares MSCI EAFE ETF
Amount:	$3,056,000
Maturity:	April 30, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each asset finishes at or above its initial level, par plus 1.55 times the return of the worst performing asset; if either asset falls but all assets finish at or above the barrier level, par; otherwise, investors will be fully exposed to the decline of the worst performing asset
Initial levels:	3,974.74 for index, $78.11 for ETF
Barrier levels:	2,782.318 for index, $54.677 for ETF, 70% of initial levels
Pricing date:	April 30
Settlement date:	May 5
Agent:	J.P. Morgan Securities LLC
Fees:	0.31258%
Cusip:	48132TNH5

© 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.