New Issue: JPMorgan prices $11.5 million uncapped return enhanced notes on S&P, Russell, Dow

By Wendy Van Sickle

Columbus, Ohio, April 15 – JPMorgan Chase Financial Co. LLC priced $11.5 million of 0% uncapped return enhanced notes due April 11, 2022 linked to the least performing of the Dow Jones industrial average, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index gains, the payout at maturity will be par plus 1.8865 times the return of the least-performing index.

Investors will be fully exposed to any loss of the least-performing index.

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:	Uncapped return enhanced notes
Underlying indexes:	Dow Jones industrial average, S&P 500 and Russell 2000
Amount:	$11,503,000
Maturity:	April 11, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 1.8865 times return of least-performing index; 1% loss for every 1% that least-performing index declines
Initial levels:	22,679.99 for Dow, 1,138.778 for Russell 2000 and 2,663.68 for S&P 500
Pricing date:	April 7
Settlement date:	April 13
Agent:	J.P. Morgan Securities LLC
Fees:	0.35%
Cusip:	48132KSA4

© 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.