By Sarah Lizee
Olympia, Wash., Jan. 7 – JPMorgan Chase Financial Co. LLC priced $1.18 million of 0% return notes due July 2, 2025 linked to an index basket, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The basket includes the S&P 500 index, the MSCI EAFE index and the MSCI Emerging Markets index.
The closing level of the basket will be equal to 90% of the best performing index, 10% of the second-best performer and 0% of the worst performer.
The payout at maturity will be par plus the return of the basket, with exposure to losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Return notes
|
| Underlying basket: | S&P 500 index, MSCI EAFE index and MSCI Emerging Markets index; best performer will have 90% weight, second-best will have 10% weight
|
| Amount: | $1,184,000
|
| Maturity: | July 2, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus the basket return, with exposure to losses
|
| Pricing date: | Dec. 27
|
| Settlement date: | Jan. 2
|
| Agent: | J.P. Morgan Securities Inc.
|
| Fees: | 0.35%
|
| Cusip: | 48132HLG5
|
|
|
© 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.
