New Issue: JPMorgan prices $1.53 million notes linked to index basket

By Sarah Lizee

Olympia, Wash., Oct. 9 – JPMorgan Chase Financial Co. LLC priced $1.53 million of notes due July 7, 2022 linked to a basket of equally weighted indexes, according to a 424B2 filed with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The basket consists of the Euro Stoxx 50 index with an initial weight of 40%, the FTSE 100 index and the Nikkei Stock Average index each with an initial weight of 20%, and the Swiss Market index and the S&P/ASX 200 index each with an initial weight of 10%.

If the basket return is positive, the payout at maturity will be par plus 1.25 times any basket gain. Otherwise, investors will be exposed to the decline of the basket, subject to a minimum payout of 92.5% of par.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Notes
Underlying indexes:	Euro Stoxx 50 (40% weight), FTSE 100 and Nikkei Stock (20% weight each), Swiss Market and S&P/ASX 200 (10% weight each)
Amount:	$1,534,000
Maturity:	July 7, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.25 times any basket gain; otherwise, exposure to the decline of the basket, subject to a minimum payout of 92.5% of par
Initial levels:	3,518.25 for Stoxx, 7,360.32 for FTSE, 1,603.00 for Topix, 9,952.50 for Swiss Market and 6,742.849 for S&P/ASX
Pricing date:	Oct. 1
Settlement date:	Oct. 4
Agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	48132FPT7

© 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.