New Issue: JPMorgan sells $3.38 million digital equity notes tied to Russell 2000

By Devika Patel

Knoxville, Tenn., May 9 – JPMorgan Chase & Co. priced $3.38 million of 0% digital equity notes due May 18, 2017 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to 85% of the initial level, the payout at maturity will be the threshold settlement amount of $1,058.50 per $1,000 principal amount.

If the index return is less than negative 15%, investors will lose 1.1765% for each 1% decline beyond 15%.

J.P. Morgan Securities LLC is the underwriter.

Issuer:	JPMorgan Chase & Co.
Issue:	Digital equity notes
Underlying index:	Russell 2000
Amount:	$3,375,000
Maturity:	May 18, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than or equal to negative 15%, threshold settlement amount of $1,058.50 for each $1,000 principal amount; otherwise, 1.1765% loss per 1% drop beyond 15%
Initial index level:	1,107.948
Pricing date:	May 5
Settlement date:	May 12
Agent:	J.P. Morgan Securities LLC
Fees:	0.8%
Cusip:	48128GWZ9

© 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.