New Issue: JPMorgan prices $1 million review notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., June 20 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% review notes due June 20, 2019 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.

The notes will be called at par plus a premium of 9.4% per year if the index closes at or above its initial level on any annual review date.

If the notes are not called and the final index level is less than the initial index level by up to 10%, the payout at maturity will be par. Otherwise, investors will lose 1.1111% for each 1% that the index declines beyond 10%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Review notes
Underlying index:	S&P 500
Amount:	$1 million
Maturity:	June 20, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If notes are not called and final index level is less than initial index level by up to 10%, par; otherwise, 1.1111% loss for each 1% that index declines beyond 10%
Call:	Automatically at par plus 9.4% per year if index closes at or above initial level on June 30, 2017, June 18, 2018 or June 17, 2019
Initial index level:	2,077.99
Final index level:	Average of index’s closing levels on five trading days ending June 17, 2019
Pricing date:	June 16
Settlement date:	June 21
Agent:	J.P. Morgan Securities LLC
Fees:	2%
Cusip:	46646EHT2

© 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.