By Devika Patel
Knoxville, Tenn., Feb. 10 – JPMorgan Chase Financial Co. LLC priced $2.76 million of 0% review notes due Aug. 13, 2018 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.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be called at par plus an annualized call premium of 10.2% if each underlying closes at or above its initial level on Aug. 8, 2017, Feb. 8, 2018 or Aug. 8, 2018.
If the notes are not called, the payout at maturity will be par plus 8% if each underlying finishes at or above 80% of its initial level. If either underlying finishes below its 80% buffer level, investors will lose 1.25% for each 1% that the worse-performing underlying declines beyond 20%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Review notes
|
| Underlyings: | Russell 2000 index and iShares MSCI EAFE ETF
|
| Amount: | $2,759,000
|
| Maturity: | Aug. 13, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 8% if each underlying finishes at or above 80% of its initial level; otherwise 1.25% loss for each 1% decline of worse-performing underlying beyond 20%
|
| Call: | Automatically at par plus annualized call premium of 10.2% if each underlying closes at or above its initial level on Aug. 8, 2017, Feb. 8, 2018 or Aug. 8, 2018
|
| Initial levels: | 1,358.737 for index and $59.75 for ETF
|
| Pricing date: | Feb. 8
|
| Settlement date: | Feb. 13
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.15%
|
| Cusip: | 46646QC45
|
© 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.
