New Issue: JPMorgan prices $587,000 yield notes on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, May 4 – JPMorgan Chase Financial Co. LLC priced $587,000 of 5% yield notes due May 3, 2018 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

Interest is payable monthly.

The payout at maturity will be par unless either index finishes below its initial level and either index closes below its 70% trigger level on any day during the life of the notes, in which case 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:	Yield notes
Underlying indexes:	Russell 2000 and S&P 500
Amount:	$587,000
Maturity:	May 3, 2018
Coupon:	5%, payable monthly
Price:	Par
Payout at maturity:	Par unless either index finishes below its initial level and either index closes below its 70% trigger level on any day during the life of the notes, in which case investors will be fully exposed to any losses of the worse performing index
Initial index levels:	2,384.20 for S&P and 1,400.428 for Russell
Trigger levels:	1,668.94 for S&P and 980.2996 for Russell, 70% of initial levels
Pricing date:	April 28
Settlement date:	May 3
Agent:	J.P. Morgan Securities LLC
Fees:	0.6%
Cusip:	46646Q3P8

© 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.