New Issue: JPMorgan sells $500,000 capped buffered return enhanced notes on index basket

By Tali Rackner

Norfolk, Va., Feb. 13 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% capped buffered return enhanced notes due Feb. 14, 2019 linked to an equally weighted basket of indexes consisting 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 the basket return is positive, the payout at maturity will be par plus double the basket return, subject to a maximum return of 14.5%.

Investors will receive par if the basket declines by 15% or less and will lose 1% for each 1% decline beyond the 15% buffer.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Capped buffered return enhanced notes
Underlying index basket:	S&P 500, Russell 2000
Amount:	$500,000
Maturity:	Feb. 14, 2019
Issue price:	Par
Coupon:	0%
Payout at maturity:	Par plus double any basket gain, up to a maximum return of 14.5%; par if the basket falls by up to 15%; 1% loss for each 1% decline beyond 15%
Initial levels:	2,307.87 for S&P, 1,378.526 for Russell
Pricing date:	Feb. 9
Settlement date:	Feb. 14
Agent:	J.P. Morgan Securities LLC
Fees:	0.65%
Cusip:	46646QKR5

© 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.