New Issue: JPMorgan prices $1.53 million of digital notes linked to S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, Feb. 1 – JPMorgan Chase Financial Co. LLC priced $1.53 million of digital notes due March 1, 2018 linked to the lesser 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 payout at maturity will be par plus a contingent digital return of 7% if each index closes at or above the 67.5% trigger level on each day during the life of the notes.

If either index ever closes below its 6755% trigger level but both indexes finish at or above their initial levels, investors will receive par. Otherwise, investors will lose 1% for each 1% decline of the worse performing index.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Digital notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$1,526,000
Maturity:	March 1, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 7% if each index closes at or above the 67.5% trigger level each day during the life of the notes; if either index ever closes below 67.5% trigger level but both finish at or above initial level, par; otherwise, 1% loss for each 1% decline of worse performing index
Initial levels:	2,296.68 for S&P and 1,375.595 for Russell
Trigger levels:	1,550.259 for S&P and 928.52663 for Russell; 67.5% of initial levels
Pricing date:	Jan. 26
Settlement date:	Jan. 31
Agent:	J.P. Morgan Securities LLC
Fees:	0.37076%
Cusip:	46646QHT5

© 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.