New Issue: JPMorgan prices $350,000 digital equity notes due 2020 on MSCI EAFE

By Sarah Lizee

Olympia, Wash., July 18 – JPMorgan Chase Financial Co. LLC priced $350,000 of 0% digital equity notes due Sept. 16, 2020 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the index finishes at or above 85% of its initial index level, the payout at maturity will be the threshold settlement amount of $1,140 per $1,000 of notes.

Otherwise, investors will lose 1.1765% for each 1% decline in the index beyond 15%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Digital equity notes
Underlying index:	MSCI EAFE
Amount:	$350,000
Maturity:	Sept. 16, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above 85% threshold level, $1,140 per $1,000 of notes; otherwise, 1.1765% loss per 1% drop beyond 15%
Initial level:	1,972.68
Pricing date:	July 13
Settlement date:	July 20
Agent:	J.P. Morgan Securities LLC
Fees:	None
Cusip:	48129MJ98

© 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.