By Susanna Moon
Chicago, Dec. 23 – JPMorgan Chase Financial Co. LLC priced $2.93 million of 0% digital notes due Jan. 25, 2018 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each index never closes below the 65% trigger level during the life of the notes, the payout at maturity will be par plus a fixed return of 7%.
If either index ever closes below its 65% trigger but each index finishes above its initial level, the payout at maturity will be par.
Otherwise, investors will be fully exposed to any losses of the worse performing index.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Digital notes
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $2,929,000
|
| Maturity: | Jan. 25, 2018
|
| Coupon: | 0%
|
| Payout at maturity: | If each index never dips below 65% trigger, par plus 7%; if either index ever breaches trigger but each index gains, par; otherwise, 1% loss for each 1% decline of worse performing index
|
| Initial levels: | 2,270.76 for S&P and 1,383.956 for Russell
|
| Trigger levels: | 1,475.994 for S&P and 899.5714 for Russell; 65% of initial levels
|
| Pricing date: | Dec. 20
|
| Settlement date: | Dec. 23
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.25435%
|
| Cusip: | 46646QDK8
|
|
|
|
|
© 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.
