New Issue: JPMorgan prices $4.23 million 5.5% yield notes on Russell, iShares EAFE

By Marisa Wong

Morgantown, W.Va., June 23 – JPMorgan Chase Financial Co. LLC priced $4.23 million of 5.5% yield notes due Aug. 24, 2017 linked to the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

JPMorgan Chase & Co. is the guarantor.

Interest is payable monthly.

The payout at maturity will be par unless either underlying falls by more than 22.5%, in which case investors will lose 1.25% for every 1% decline of the lesser-performing underlying beyond 22.5%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Yield notes
Underlyings:	Russell 2000, iShares MSCI EAFE ETF
Amount:	$4,225,000
Maturity:	Aug. 24, 2017
Coupon:	5.5%, payable monthly
Price:	Par
Payout at maturity:	Par unless either underlying falls by more than 22.5%, in which case 1.25% loss for every 1% decline of the lesser-performing underlying beyond 22.5%
Initial levels:	1,153.871 for index, $58.33 for ETF
Pricing date:	June 21
Settlement date:	June 24
Agent:	J.P. Morgan Securities LLC
Fees:	None
Cusip:	46646EJH6

© 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.