New Issue: JPMorgan sells $195,000 contingent buffered digital notes on indexes

By Sarah Lizee

Olympia, Wash., June 12 – JPMorgan Chase Financial Co. LLC priced $195,000 of 0% contingent buffered digital notes due July 13, 2021 linked to the least performing of the Dow Jones industrial average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above 70% of its initial level, the payout at maturity will be par plus the contingent digital return of 10%.

Otherwise, investors will lose 1% for each 1% decline of the worse 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:	Contingent buffered digital notes
Underlying indexes:	Dow Jones industrial average, S&P 500 and Russell 2000
Amount:	$195,000
Maturity:	July 13, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above contingent buffer, par plus 10%; otherwise, 1% loss per 1% drop of worse performing index
Initial levels:	3,232.39 for S&P, 1,536.895 for Russell and 27,572.44 for Dow
Contingent buffer:	70% of initial levels
Pricing date:	June 8
Settlement date:	June 11
Agent:	J.P. Morgan Securities LLC
Fees:	0.53205%
Cusip:	48132MFG1

© 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.