New Issue: JPMorgan sells $840,000 of digital notes tied to Stoxx 50, Russell

By Wendy Van Sickle

Columbus, Ohio, Dec. 6 – JPMorgan Chase Financial Co. LLC priced $840,000 of 0% digital notes due Dec. 27, 2018 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.

If each index closes at or above its 70% trigger level each day during the life of the notes, the payout at maturity will be par plus the fixed return of 7%.

If either index ever breaches 70% trigger but each index finishes at or above its initial level, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline of the worse performing index.

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:	Digital notes
Underlying indexes:	Euro Stoxx 50 and Russell 2000
Amount:	$840,000
Maturity:	Dec. 27, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If each index never closes below 70% trigger, par plus 7%; if either index dips below trigger but each index finishes at or above its initial level, par; otherwise, 1% loss per 1% drop of worse performing index
Initial levels:	3,569.93 for Stoxx, 1,544.141 for Russell
Trigger levels:	2,498.951 for Stoxx, 1,080.8987 for Russell; 70% of initial levels
Pricing date:	Nov. 30
Settlement date:	Dec. 5
Agent:	J.P. Morgan Securities LLC
Fees:	0.37277%
Cusip:	48129HLR6

© 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.