New Issue: JPMorgan sells $885,000 review notes due 2025 linked to index, ETF

By Wendy Van Sickle

Columbus, Ohio, Feb. 6 – JPMorgan Chase Financial Co. LLC priced $885,000 of 0% review notes due Feb. 3, 2025 linked to the lesser performing of the iShares MSCI Emerging Markets ETF and the Russell 2000 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 11.25% if each asset closes at or above its initial level on any quarterly review date after one year.

If the notes are not called, the payout at maturity will be par unless either asset falls by more than 30%, in which case investors will be fully exposed to any losses of the worse performing index or fund.

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 assets:	Russell 2000 index, iShares MSCI Emerging Markets ETF
Amount:	$885,000
Maturity:	Feb. 3, 2025
Coupon:	0%
Price:	Par
Call:	At par plus 9.3% per year if each asset closes at or above its initial level on any quarterly review date after one year
Payout at maturity:	If each asset finishes at or above 70% trigger level, par; otherwise, 1% loss for each 1% decline of worse performing index or fund
Initial levels:	1,649.221 for Russell, $43.63 for fund
Barrier levels:	1,154.4547 for Russell, $30.541 for fund; 70% of initial levels
Pricing date:	Jan. 29
Settlement date:	Jan. 31
Agent:	J.P. Morgan Securities LLC
Fees:	3.35%
Cusip:	48132HWM0

© 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.