New Issue: JPMorgan sells $6.28 million digital equity notes linked to S&P 500

By Taylor Fox

New York, Aug. 24 – JPMorgan Chase Financial Co. LLC priced $6.28 million of 0% digital equity notes due Sept. 14, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the final index level is greater than or equal to 82.83% of the initial level, the payout at maturity will be the threshold settlement amount of $1,055 per $1,000 of notes.

Otherwise, investors will lose 1.2073% for every 1% index decline beyond 17.17%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Digital equity notes
Underlying index:	S&P 500 index
Amount:	$6,282,000
Maturity:	Sept. 14, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to 82.83% of initial level, the threshold settlement amount of $1,055 per $1,000 of notes; otherwise, 1.2073% loss for every 1% index decline beyond 17.17%
Initial level:	3,360.47
Threshold level:	82.83% of initial level
Pricing date:	Aug. 10
Settlement date:	Aug. 17
Agent:	J.P. Morgan Securities LLC
Fees:	1.08%
Cusip:	48132M3L3

© 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.