New Issue: JPMorgan sells $851,000 notes on S&P 500, Russell

By Wendy Van Sickle

Columbus, Ohio, July 18 – JPMorgan Chase Financial Co. LLC priced $851,000 of 0% notes due June 30, 2023 linked to the worst performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.1 times any gain of the worst performing index. Investors will be exposed to losses of the worse-performing index up to 10%.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$851,000
Maturity:	June 30, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.1 times any gain of worse performing index; exposure to losses of worse performing index up to 10%
Initial levels:	2,718.37 for S&P, 1,643.069 for Russell
Pricing date:	June 29
Settlement date:	July 5
Agent:	J.P. Morgan Securities LLC
Fees:	0.98854%
Cusip:	48129MXY7

© 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.