New Issue: JPMorgan sells $1.37 million buffered digital notes on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, July 19 – JPMorgan Chase Financial Co. LLC priced $1.37 million of 0% buffered digital notes due July 18, 2024 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout will be par plus 30%.

If the worse performing index loses up to 10%, the payout will be par. Investors will lose 1% for each 1% decline of the worse performing index beyond 10%.

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:	Buffered digital notes
Underlying indexes:	S&P 500 and Russell 2000 index
Amount:	$1,365,000
Maturity:	July 18, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus 30%; if worse performing index loses up to 10%, par; 1% loss for each 1% decline of the worse performing index beyond 10%
Initial levels:	1,707.505 for Russell, 3,790.38 for S&P
Buffer level:	90% of initial levels
Pricing date:	July 14
Settlement date:	July 19
Agent:	J.P. Morgan Securities LLC
Fees:	0.95%
Cusip:	48133LNH1

© 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.