New Issue: JPMorgan prices $585,000 0% buffered digital notes linked to S&P, Russell

By Kiku Steinfeld

Chicago, Aug. 22 – JPMorgan Chase Financial Co. LLC priced $585,000 of 0% buffered digital notes due Jan. 19, 2024 linked to the S&P 500 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing index gains or ends above its 10% buffer, the payout at maturity will be par plus 22%. Investors will lose of any decline in the worst performing index beyond its buffer.

The notes are non-callable.

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 index and Russell 2000 index
Amount:	$585,000
Maturity:	Jan. 19, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing index gains or declines but by no more than 10% buffer, par plus 22%; 1% loss for every 1% that worst performing index declines beyond the buffer
Initial levels:	2,162.456 for Russell, 4,662.85 for S&P
Buffer:	10%
Call:	Non-callable
Pricing date:	Jan. 14
Settlement date:	Jan. 20
Agent:	J.P. Morgan Securities LLC
Fees:	0.87008%
Cusip:	48133CQV7

© 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.