New Issue: JPMorgan sells $10.19 million uncapped buffered notes on index basket

By Susanna Moon

Chicago, May 1 – JPMorgan Chase Financial Co. LLC priced $10.19 million of uncapped buffered equity notes due Oct. 29, 2019 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Topix index with a 20% weight, the Swiss Market index with a 7% weight, the S&P/ASX 200 index with a 7% weight and the Hang Seng index with a 6% weight.

The payout at maturity will be par plus any basket gain.

Investors will receive par if the basket falls by up to 29% and will lose 1.40845% for each 1% decline beyond 29%.

The notes are guaranteed by JPMorgan Chase & Co.

The agent is J.P. Morgan Securities LLC.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Uncapped buffered equity notes
Underlying index:	Euro Stoxx 50 index (40% weight), FTSE 100 index (20% weight), Topix index (20% weight), Swiss Market index (7% weight), S&P/ASX 200 index (7% weight) and Hang Seng index (6% weight)
Amount:	$10.19 million
Maturity:	Oct. 29, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any basket gain; par if basket falls by up to 29%; 1.40845% loss per 1% decline beyond 29%
Initial levels:	3,510.88 for Stoxx, 7,425.40 for FTSE, 1769.75 for Topix, 8,796.91 for Swiss Market, 5,921.553 for S&P/ASX and 12,244.88 for Hang Seng
Pricing date:	April 24
Settlement date:	April 27
Agents:	J.P. Morgan Securities LLC
Fees:	0.25%
Cusip:	48129MFQ4

© 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.