New Issue: JPMorgan prices $10.57 million four-year review notes on S&P, Russell

By Susanna Moon

Chicago, Jan. 28 – JPMorgan Chase Financial Co. LLC priced $10.57 million of 0% review notes due Feb. 10, 2023 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 will be called at par plus an annual call premium of 11.55% if each index closes at or above initial level on any annual review date.

If the notes are not called, the payout at maturity will be par plus 10% unless either underlying index falls by more than 30%, in which case investors will be fully exposed to any losses 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:	Review notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$10,568,000
Maturity:	Feb. 10, 2023
Coupon:	0%
Price:	Par
Call:	At par plus 11.55% per year if each index closes at or above initial level on any annual review date
Payout at maturity:	If each index finishes at or above 70% trigger level, par plus 10%; otherwise, 1% loss for each 1% decline of worse performing index
Initial levels:	2,670.71 for S&P, 1,482.501 for Russell
Barrier levels:	1,869.50 for S&P, 1,037.751 for Russell, 70% of initial levels
Pricing date:	Jan. 18
Settlement date:	Jan. 25
Agent:	J.P. Morgan Securities LLC
Fees:	2.25%
Cusip:	48130WPK1

© 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.