New Issue: JPMorgan prices $2 million capped notes linked to S&P 500

New York, July 19 – JPMorgan Chase Financial Co. LLC priced $2 million of 0% capped notes due July 17, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains, the payout at maturity will be par plus the return of the index capped at par plus 11%. If the index declines, the payout will be par.

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:	Capped notes
Underlying index:	S&P 500 index
Amount:	$2 million
Maturity:	July 17, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus index return capped at par plus 11%; if index declines, par
Initial level:	3,818.80 on strike date of July 12
Cap:	11%
Pricing date:	July 14
Settlement date:	July 19
Agent:	J.P. Morgan Securities LLC
Fees:	1.75%
Cusip:	48133LQN5

© 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.