New Issue: JPMorgan sells $518,000 review notes tied to four stocks

Chicago, Nov. 3 – JPMorgan Chase Financial Co. LLC priced $518,000 of 0% review notes due March 5, 2026 linked to the least performing of the common stocks of Applied Materials, Inc., PayPal Holdings, Inc., Target Corp. and Tapestry, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual call premium of 38.8% if each stock closes at or above its initial level on any quarterly review date after one year.

If the notes are not called, investors will receive par if all four stocks close above their 50% barrier levels.

Otherwise, investors will be fully exposed to any losses of the worst performing stock.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Review notes
Underlying stocks:	Applied Materials, Inc., PayPal Holdings, Inc., Target Corp. and Tapestry, Inc.
Amount:	$518,000
Maturity:	March 5, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par if all four stocks close above barrier levels; otherwise, full exposure to losses of worst performer
Call:	At par plus 38.8% annualized premium if each stock closes at or above initial level on any quarterly review date after one year
Initial levels:	$129.61 for AMD, $106.51 for PayPal, $219.43 for Target, $38.81 for Tapestry
Barrier levels:	$64.805 for AMD, $53.255 for PayPal, $109.715 for Target, $19.405 for Tapestry; 50% of initial levels
Pricing date:	March 1
Settlement date:	March 4
Agent:	J.P. Morgan Securities LLC
Fees:	0.85%
Cusip:	48133DEG1

© 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.