New Issue: JPMorgan prices $1.47 million four-year review notes on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, Oct. 17 – JPMorgan Chase Financial Co. LLC priced $1.47 million of 0% review notes due Oct. 13, 2022 linked to the worse 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.

The notes will be called at par plus a call premium of 9.8% per year if each index closes at or above its initial level on any annual review date.

If the notes are not called, the payout at maturity will be par plus the 10% contingent minimum return if each index finishes above it 70% trigger level; Otherwise, investors will have full exposure to the 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:	Review notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$1,472,000
Maturity:	Oct. 13, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 10% contingent minimum return if each index finishes above trigger level; otherwise, full exposure to loss of worse performing index
Call:	At par plus 9.8% per year if each index closes at or above initial level on any annual review date
Initial levels:	2,925.51 for S&P, 1,671.294 for Russell
Trigger levels:	2,047.857 for S&P, 1,169.9058 for Russell; 70% of initial levels
Pricing date:	Oct. 3
Settlement date:	Oct. 11
Agent:	J.P. Morgan Securities LLC
Fees:	0%
Cusip:	48130UMN2

© 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.