New Issue: JPMorgan sells $1 million contingent interest autocallables tied to indexes, fund

By Susanna Moon

Chicago, May 19 – JPMorgan Chase Financial Co. LLC priced $1 million of autocallable contingent interest notes due May 20, 2020 linked to the least performing of the Russell 2000 index, the S&P 500 index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 7.5% if each component closes at or above its 65% coupon barrier on the review date for that month.

The notes will be called at par plus the contingent coupon if each component closes at or above its initial level on any review date other than the first, second, third, fourth, fifth and final dates.

The payout at maturity will be par unless any component finishes below its 60% trigger level, in which case investors will lose 1% for each 1% decline of the worst performing component.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Autocallable contingent interest notes
Underlying assets:	Russell 2000, S&P 500, iShares MSCI Emerging Markets ETF
Amount:	$1 million
Maturity:	May 20, 2020
Coupon:	7.5% annualized, payable monthly if each underlying component closes at or above 65% coupon barrier on review date for that month
Price:	Par
Payout at maturity:	Par plus contingent coupon unless any component falls below trigger level, in which case 1% loss for each 1% decline of worst performing index
Call:	At par plus contingent coupon if each component closes at or above initial level on any review date other than first, second, third, fourth, fifth and final dates
Initial index levels:	2,402.32 for S&P, 1,393.923 for Russell and $41.64 for fund
Coupon barriers:	1,561.508 for S&P, 906.04995 for Russell and $27.066 for fund, 65% of initial levels
Trigger levels:	1,441.392 for S&P, 836.3538 for Russell and $24.984 for fund, 60% of initial levels
Pricing date:	May 15
Settlement date:	May 18
Agent:	J.P. Morgan Securities LLC
Fees:	0.9%
Cusip:	46647MCN1

© 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.