New Issue: JPMorgan prices $1.83 million callable yield notes on indexes

By Wendy Van Sickle

Columbus, Ohio, May 20 – JPMorgan Chase Financial Co. LLC priced $1.83 million of callable yield notes due Aug. 24, 2017 linked to the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The notes will pay a monthly coupon at the rate of 6% per year.

They are callable quarterly at par plus accrued interest.

The payout at maturity will be par unless any index finishes below its initial level and any index has closed below its 70% trigger level any day during the life of the notes, in which case investors will lose 1% for each 1% decline of the worst-performing index.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Callable yield notes
Underlying indexes:	S&P 500, Russell 2000 and Euro Stoxx 50
Amount:	$1,834,000
Maturity:	Aug. 24, 2017
Coupon:	6%, payable monthly
Price:	Par
Payout at maturity:	Par unless any index finishes below initial level and any index has closed below its trigger level any day during life of notes, in which case full exposure to loss of least performing index
Call option:	Quarterly at par plus accrued interest
Initial levels:	2,040.04 for S&P, 1,094.778 for Russell and 2,919.22 for Euro Stoxx
Trigger levels:	1,224.024 for S&P, 656.8668 for Russell and 1,751.532 for Euro Stoxx; 60% of initial levels
Pricing date:	May 19
Settlement date:	May 24
Agent:	J.P. Morgan Securities LLC
Fees:	2.475%
Cusip:	46646EBS0

© 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.