By Wendy Van Sickle
Columbus, Ohio, Nov. 7 – JPMorgan Chase Financial Co. LLC priced $1.8 million of 0% review notes due Nov. 4, 2024 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a call premium of 8.2% per year if each index closes at or above its initial level on any annual review date.
If the notes are not called and each index finishes at or above its 50% trigger level, the payout at maturity will be par plus the contingent minimum return of 7%.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index.
The notes will be guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Review notes
|
Underlying indexes: | S&P 500 index and Russell 2000 index
|
Amount: | $1.8 million
|
Maturity: | Nov. 4, 2024
|
Coupon: | 0%
|
Price: | Par
|
Call: | At par plus 8.2% per year if each index closes at or above initial level on any annual review date
|
Payout at maturity: | Par unless either underlying index finishes below 50% trigger, in which case full exposure to losses of worse performing underlying index
|
Initial levels: | 2,572.83 for S&P and 1,490.899 for Russell
|
Trigger levels: | 1,286.415 for S&P, 745.4495 for Russell; 50% of initial levels
|
Pricing date: | Oct. 30
|
Settlement date: | Nov. 2
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 0.6%
|
Cusip: | 48129HHG5
|
|
© 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.