New Issue: JPMorgan prices $4.81 million capped buffered equity notes tied to Dow, Nasdaq, S&P

By Wendy Van Sickle

Columbus, Ohio, Nov. 2 – JPMorgan Chase Financial Co. LLC priced $4.81 million of 0% capped buffered equity notes due Nov. 2, 2021 linked to the least performing of the S&P 500 index, the Dow Jones industrial average and Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the final level of each index is greater than or equal to its initial level, the payout at maturity will be par plus the return of the least performing index, capped at par plus 8.3%.

If any index falls by up to 25%, the payout will be par.

Otherwise, investors will lose 1% for every 1% that the least performing index declines beyond the 25% buffer.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Capped buffered equity notes
Underlying indexes:	S&P 500 index, Dow Jones industrial average and Nasdaq-100 index
Amount:	$4,813,000
Maturity:	Nov. 2, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If the final level of each index is greater than or equal to its initial level, par plus the return of the least performing index, capped at par plus 8.3%; if any index falls by up to 25%, par; 1% loss for every 1% that the least performing index declines beyond 25%
Initial levels:	3,390.68 for S&P, 11,598.95 for Nasdaq and 27,463.19 for Dow
Buffer levels:	75% of initial levels
Pricing date:	Oct. 27
Settlement date:	Oct. 30
Agent:	J.P. Morgan Securities LLC
Fees:	0.6%
Cusip:	48132PMF8

© 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.