New Issue: JPMorgan prices $2.5 million digital barrier notes linked to Russell 2000, S&P 500

New York, May 10 – JPMorgan Chase Financial Co. LLC priced $2.5 million of 0% digital barrier notes due June 2, 2023 linked to the Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing index finishes at or above its 70% downside threshold, the payout at maturity will be par plus 9.55%. Investors will lose 1% for every 1% that the worst performing index declines if it finishes below the downside threshold level.

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:	Digital barrier notes
Underlying indexes:	Russell 2000 index and S&P 500 index
Amount:	$2,502,000
Maturity:	June 2, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing index finishes at or above its downside threshold, par plus 9.55%; 1% loss for every 1% that worst performing index declines if it finishes below its downside threshold
Initial level:	1,917.944 for Russell 2000, 4,287.50 for S&P 500
Digital payment:	9.55%
Downside threshold:	1,342.5608 for Russell 2000, 3,001.25 for S&P 500, 70% of initial level
Pricing date:	April 28
Settlement date:	May 3
Agent:	J.P. Morgan Securities LLC
Fees:	0%
Cusip:	48133FPN9

© 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.