New Issue: JPMorgan prices $1.1 million contingent buffered notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Oct. 28 – JPMorgan Chase Financial Co. LLC priced $1.1 million of 0% uncapped contingent buffered equity notes due Oct. 30, 2020 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 the initial index level, the payout at maturity will be par plus the greater of the index return and 33%. If the index declines by up to 25%, the payout will be par. If the index declines by more than 25%, investors will lose 1% for every 1% that the final index level is less than the initial index level.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Uncapped contingent buffered equity notes
Underlying index:	S&P 500
Amount:	$1,098,000
Maturity:	Oct. 30, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to initial index level, par plus greater of index return and 33%; if index declines by up to 25%, par; if index declines by more than 25%, 1% loss for every 1% that final index level is less than initial index level
Initial index level:	2,139.43
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Agent:	J.P. Morgan Securities LLC
Fees:	0.3898%
Cusip:	46646EN24

© 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.