New Issue: JPMorgan prices $3.97 million trigger absolute return gears linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Aug. 31 – JPMorgan Chase Financial Co. LLC priced $3.97 million of 0% trigger absolute return gears due Aug. 31, 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 index finishes above the initial level, the payout at maturity will be par of $10 plus 1.2072 times the index return. If the index falls but finishes at or above the downside threshold level, 65% of the initial index level, the payout will be par plus the absolute value of the index return. If the index falls by more than 35%, investors will have one-to-one exposure to the index’s decline from its initial level.

UBS Financial Services Inc. and J.P. Morgan Securities LLC Inc. are the agents.

Issuer:	JPMorgan Chase Finance Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Trigger absolute return gears
Underlying index:	S&P 500
Amount:	$3,969,500
Maturity:	Aug. 31, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index finishes above initial level, par plus 1.2072 times index return; if index falls but finishes at or above downside threshold level, par plus absolute value of index return; otherwise, one-to-one exposure to index’s decline from initial level
Initial index level:	2,169.04
Downside threshold:	1,409.88, 65% of initial level
Pricing date:	Aug. 26
Settlement date:	Aug. 31
Agents:	UBS Financial Services Inc. and J.P. Morgan Securities LLC Inc.
Fees:	5%
Cusip:	46646X647

© 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.