New Issue: JPMorgan prices $2.06 million digital barrier notes linked to indexes

By Taylor Fox

New York, March 12 – JPMorgan Chase Financial Co. LLC priced $2.06 million of 0% digital barrier notes due March 30, 2022 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the least performing index finishes at or above its 70% of its initial level, the payout at maturity will be par plus the digital upside return of 8.75%.

Otherwise, investors will be fully exposed to the decline of the least performing index from its initial level.

The agent is J.P. Morgan Securities LLC.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Digital barrier notes
Underlying indexes:	S&P 500, Russell 2000 index and Nasdaq-100
Amount:	$2,057,000
Maturity:	March 30, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the least performing index finishes at or above its 70% of its initial level, par plus 8.75%; otherwise, full exposure to the decline of the lesser performing index from its initial level
Initial levels:	3,811.15 for S&P 500, 12,909.44 for Nasdaq, 2,201.051 for Russell
Barrier levels:	2,667.805 for S&P 500, 9,036.608 for Nasdaq, 1,540.7357 for Russell, 70% of initial levels
Pricing date:	Feb. 26
Settlement date:	March 3
Agent:	J.P. Morgan Securities LLC
Fees:	0.44522%
Cusip:	48132RSU5

© 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.