New Issue: JPMorgan sells $1.06 million uncapped buffered equity notes on basket

By Sarah Lizee

Olympia, Wash., Aug. 21 – JPMorgan Chase Financial Co. LLC priced $1.06 million of 0% uncapped buffered equity notes due Aug. 22, 2024 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 36% weight, the Topix index with a 27% weight, the FTSE 100 index with a 20% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.

The notes are guaranteed by JPMorgan Chase & Co.

If the basket finishes at or above its initial value or below its initial level by up to 20%, the payout at maturity will be par plus the greater of the gain and 26%.

Otherwise, investors will be exposed to any losses beyond 20%.

The agent is J.P. Morgan Securities LLC.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Uncapped buffered equity notes
Underlying indexes:	Euro Stoxx 50 (36% weight), Topix (27% weight), FTSE 100 (19% weight), Swiss Market (10% weight) and S&P/ASX 200 (8% weight)
Amount:	$1,058,000
Maturity:	Aug. 22, 2024
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If the basket finishes at or above its initial value or below its initial level by up to 20%, par plus the greater of the gain and 26%; otherwise, investors will be exposed to any losses beyond 20%
Initial values:	3,369.19 for Stoxx, 1,494.33 for Topix, 7,189.65 for FTSE, 9,825.59 for Swiss Market and 6,467.435 for S&P/ASX
Pricing date:	Aug. 19
Settlement date:	Aug. 22
Agent:	J.P. Morgan Securities LLC
Fees:	0.75%
Cusip:	48132FCB0

© 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.