New Issue: JPMorgan prices $616,000 digital barrier level notes linked to three indexes

By Kiku Steinfeld

Chicago, July 5 – JPMorgan Chase Financial Co. LLC priced $616,000 of 0% digital barrier level notes due March 14, 2024 linked to the Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing index ends above its 60% barrier level the payout at maturity will be par plus 7.65%. Investors will lose 1% for every 1% that the worst performing index declines if it finishes below the barrier 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 level notes
Underlying indexes:	Nasdaq-100 index, Russell 2000 index and S&P 500 index
Amount:	$616,000
Maturity:	March 14, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing index finishes at or above its 60% barrier level, par plus 7.65%; 1% loss for every 1% that worst performing index declines if it finishes below its barrier level
Initial levels:	12,381.17 for Nasdaq, 1,915.339 for Russell, 4,081.50 for S&P
Digital payment:	7.65%
Barrier levels:	7,428.702 for Nasdaq, 1,149.2034 for Russell, 2,448.90 for S&P, 60% of initial levels
Pricing date:	Feb. 9
Settlement date:	Feb. 14
Agent:	J.P. Morgan Securities LLC
Fees:	0.725%
Cusip:	48133UBG6

© 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.