New Issue: JPMorgan prices $415,000 2% income barrier notes linked to S&P 500, Russell

By Angela McDaniels

Tacoma, Wash., May 8 – JPMorgan Chase & Co. priced $415,000 of 2% income barrier notes due May 10, 2018 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.

Interest is payable quarterly.

If each index finishes at or above its trigger level, 70% of its initial level, the payout at maturity will be par plus 16.5%. Otherwise, investors will be fully exposed to the decline of the lesser-performing index.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Income barrier notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$415,000
Maturity:	May 10, 2018
Coupon:	2%, payable quarterly
Price:	Par
Payout at maturity:	If index finishes at or above trigger level, par plus 16.5%; otherwise, full exposure to decline of lesser-performing index
Initial index levels:	2,080.15 for S&P 500 and 1,219.358 for Russell 2000
Trigger value:	1,456.105 for S&P 500 and 853.5506 for Russell 2000; 70% of initial levels
Pricing date:	May 6
Settlement date:	May 11
Agent:	J.P. Morgan Securities LLC
Fees:	0.4%
Cusip:	48125UPH9

© 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.