New Issue: JPMorgan prices $1.37 million leveraged notes with 95% floor on Stoxx Select. S&P Low Vol

By Susanna Moon

Chicago, Dec. 26 – JPMorgan Chase Financial Co. LLC priced $1.37 million 0% notes due Nov. 30, 2021 linked to a basket consisting of the Euro Stoxx Select Dividend 30 index and the S&P Low Volatility High Dividend index, equally weighted, according to a 424B2 filing with the Securities and Exchange Commission.

If the basket finishes above its initial level, the payout at maturity will be par plus 180% of the gain.

If the basket falls, the payout will be par plus the return with a minimum payout of 95% of 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:	Notes
Underlying basket:	Euro Stoxx Select Dividend 30 index and S&P Low Volatility High Dividend index, equally weighted
Amount:	$1,365,000
Maturity:	Nov. 30, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.8 times of any gain; otherwise, plus return, floor of 95% of par
Initial levels:	1,905.50 for Stoxx Select and 6,928.49 for S&P Low Vol
Pricing date:	Nov. 30
Settlement date:	Dec.	5
Agent:	J.P. Morgan Securities LLC
Fees:	0.50769%
Cusip:	48130UZ57

© 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.