By Angela McDaniels
Tacoma, Wash., Jan. 8 – JPMorgan Chase Financial Co. LLC priced $2.1 million of 6.65% yield notes due Feb. 6, 2020 linked to the lesser performing of 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.
Interest is payable monthly.
The payout at maturity will be par unless either underlier’s final level is less than 80% of its strike level, in which case investors will lose 1.25% for every 1% that the lesser-performing underlier declines beyond 20%. For each underlier, the strike level is its closing level on Jan. 3, the day prior to the pricing date.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Yield notes
|
| Underliers: | Russell 2000 index and iShares MSCI EAFE ETF
|
| Amount: | $2.1 million
|
| Maturity: | Feb. 6, 2020
|
| Coupon: | 6.65%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless either underlier’s final level is less than 80% of its strike level, in which case 1.25% loss for every 1% that lesser-performing underlier declines beyond 20%
|
| Strike values: | 1,330.831 for index and $58.13 for ETF (closing levels on Jan. 3)
|
| Pricing date: | Jan. 4
|
| Settlement date: | Jan. 8
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48130WRF0
|
© 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.
