New Issue: JPMorgan prices $5.25 million review notes linked to Russell, Stoxx

By William Gullotti

Buffalo, N.Y., April 5– JPMorgan Chase Financial Co. LLC priced $5.25 million of 0% review notes due April 2, 2027 linked to the lesser performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized call premium of 12% if each index closes at or above its initial level on any quarterly review date.

If the notes are not called, the payout at maturity will be par unless any underlying index falls by more than 35%, in which case investors will be fully exposed to any losses of the worst 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:	Review notes
Underlying indexes:	Russell 2000 index, Euro Stoxx 50 index
Amount:	$5.25 million
Maturity:	April 2, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If not called and each index finishes at or above trigger level, par; otherwise, 1% loss for each 1% decline of worst performing index from its initial level
Call:	At par plus 12% per year if each index closes at or above initial level on any quarterly review date
Initial levels:	2,133.096 for Russell, 4,002.18 for Stoxx
Trigger levels:	1,386.5124 for Russell, 2,601.417 for Stoxx; 65% of initial levels
Pricing date:	March 29
Settlement date:	March 31
Agent:	J.P. Morgan Securities LLC
Fees:	2.85%
Cusip:	48133D3V0

© 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.