New Issue: JPMorgan sells $1.51 million capped bearish return notes on Nasdaq

By Marisa Wong

Los Angeles, March 8 – JPMorgan Chase Financial Co. LLC priced $1.51 million of 0% capped bearish return notes due March 11, 2022 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the index finishes below its initial level, investors will receive a positive return equal to the index decline, with the payout capped at par plus 26.5%.

If the index gains, investors will lose 1% for every 1% gain, provided that the payout will not be less than zero.

The agent is J.P. Morgan Securities LLC.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Capped bearish return notes
Underlying index:	Nasdaq-100 index
Amount:	$1,511,000
Maturity:	March 11, 2022
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 1% for every 1% index decline, capped at par plus 26.5%; if index gains, 1% loss for every 1% gain, subject to floor of zero
Initial value:	13,695.02
Pricing date:	Feb. 8
Settlement date:	Feb. 11
Agent:	J.P. Morgan Securities LLC
Fees:	1.5%
Cusip:	48132RVT4

© 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.