New Issue: JPMorgan sells $2.41 million digital notes linked to Stoxx 50, Russell

By Susanna Moon

Chicago, Sept. 16 – JPMorgan Chase Financial Co. LLC priced $2.41 million digital notes due Oct. 18, 2017 linked to the lesser performing of 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 payout at maturity will be par plus a contingent digital return of 7.3% if each index closes at or above the 60% threshold level on each day during the life of the notes.

If either index ever closes below its 60% trigger level, investors will be fully exposed to any losses of the worse performing index.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Digital notes
Underlying indexes:	Russell 2000 and Euro Stoxx 50
Amount:	$2,405,000
Maturity:	Oct. 18, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 7.3% if each index closes at or above the 60% threshold during the life of the notes; if either index ever closes below 60% threshold, full exposure to any losses of worse performing index
Initial levels:	2,974.80 for Stoxx and 1,212.32 for Russell
Trigger levels:	1,784.88 for Stoxx and 727.392 for Russell; 60% of initial levels
Pricing date:	Sept. 13
Settlement date:	Sept. 16
Agent:	J.P. Morgan Securities LLC
Fees:	None
Cusip:	46646EYN6

© 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.