By Kiku Steinfeld
Chicago, May 14 – JPMorgan Chase Financial Co. LLC priced $899,000 of 0% review notes due April 28, 2025 linked to the lesser performing of the Euro Stoxx 50 index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be called at par plus a premium of 8.25% per year if each underlying closes at or above 95% of its initial level on any annual review date.
If the notes are not called and each underlying finishes at or above 70% of its initial level, the payout at maturity will be par. Otherwise, investors will lose 1% for each 1% decline of the lesser performer below its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Review notes
|
| Underlyings: | Euro Stoxx 50, iShares MSCI Emerging Markets ETF
|
| Amount: | $899,000
|
| Maturity: | April 28, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par unless either underlying finishes below trigger value, in which case full exposure to decline of worse performer
|
| Call: | At par plus a premium of 8.25% per year if each underlying closes at or above 95% of initial value on any annual review date
|
| Initial values: | 4,013.34 for index and $54.63 for ETF
|
| Trigger values: | 2,809.338 for index and $38.241 for ETF; 70% of initial values
|
| Pricing date: | April 23
|
| Settlement date: | April 28
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48132TQM1
|
|
|
© 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.
