By Devika Patel
Knoxville, Tenn., Sept. 27 – JPMorgan Chase Financial Co. LLC priced $6.57 million of digital notes due Oct. 26, 2017 linked to the lesser performing of the S&P 500 index and the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus a contingent digital return of 9.1% if each underlying closes at or above the 65% trigger level on each day during the life of the notes.
If either underlying ever closes below its 65% trigger level, investors will receive par unless either underlying finishes below its initial level, in which case investors will lose 1% for each 1% decline of the worse-performing underlying.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Digital notes
|
| Underlyings: | S&P 500 index and Energy Select Sector SPDR Fund
|
| Amount: | $6.57 million
|
| Maturity: | Oct. 26, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 9.1% if each underlying closes at or above its trigger level on each day during the life of the notes; if either underlying ever closes below its trigger level, par unless either underlying finishes below its initial level, in which case 1% loss for each 1% decline of the worse-performing underlying
|
| Initial levels: | 2,164.69 for index and $67.64 for ETF
|
| Trigger levels: | 1,407.0485 for index and $43.966 for ETF; 65% of initial levels
|
| Pricing date: | Sept. 23
|
| Settlement date: | Sept. 28
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 46646EB35
|
© 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.
