New Issue: JPMorgan sells $10.84 million trigger gears linked a weighted five-index basket

By Wendy Van Sickle

Columbus, Ohio, Aug. 2 – JPMorgan Chase Financial Co. LLC priced $10.84 million of 0% trigger gears due July 31, 2028 linked to a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The basket consists of the Euro Stoxx 50 index with a 40% weight, the Nikkei 225 index with a 25% weight, the FTSE 100 index with a 17.5% weight, the Swiss Market index with a 10% weight and the S&P/ASX 200 index with a 7.5% weight.

The payout at maturity will be par of $10 plus 2.15 times any index gain.

Investors will receive par if the basket falls by up to 25% and will be fully exposed to any basket decline beyond 25%.

UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Trigger gears
Underlying basket:	Euro Stoxx 50 index (40% weight), Nikkei 225 index (25% weight), FTSE 100 index (17.5% weight), Swiss Market index (10% weight), S&P/ASX 200 index (7.5% weight)
Amount:	$10,844,190
Maturity:	July 31, 2028
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 2.15 times any basket gain; par if basket falls by up to 25%; otherwise, full exposure to loss
Initial levels:	4,447.44 for Stoxx, 32,891.16 for Nikkei, 7,692.76 for FTSE, 11,373.21 for Swiss Market, 7,455.917 for S&P/ASX
Pricing date:	July 27
Settlement date:	July 31
Agents:	UBS Financial Services Inc. and J.P. Morgan Securities LLC
Fees:	3.5%
Cusip:	48131C369

© 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.