New Issue: JPMorgan prices $1.48 million contingent buffered notes linked to Stoxx Europe 600

By Angela McDaniels

Tacoma, Wash., June 28 – JPMorgan Chase Financial Co. LLC priced $1.48 million of 0% contingent buffered equity notes due Dec. 28, 2017 linked to the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return. If the index declines by up to 18.7%, the payout will be par. If the index declines by more than 18.7%, investors will lose 1% for every 1% that the final index level is less than the initial index level.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Contingent buffered equity notes
Underlying index:	Stoxx Europe 600
Amount:	$1,476,000
Maturity:	Dec. 28, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than initial index level, par plus index return; if index declines by up to 18.7%, par; if index declines by more than 18.7%, 1% loss for every 1% that final index level is less than initial index level
Initial index level:	321.98
Final index level:	Average of index’s closing levels on five trading days ending Dec. 22, 2017
Pricing date:	June 24
Settlement date:	June 29
Agent:	J.P. Morgan Securities LLC
Fees:	1.25%
Cusip:	46646EJM5

© 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.