New Issue: JPMorgan prices $2.18 million buffered enhanced participation notes on MSCI EAFE

By Devika Patel

Knoxville, Tenn., May 9 – JPMorgan Chase Financial Co. LLC priced $2.18 million of 0% capped buffered enhanced participation equity notes due July 10, 2018 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the index return is positive, the payout at maturity will be par plus 140% of the index return, subject to a maximum payout of $1,130.62 per $1,000 of notes. Investors will receive par if the index falls by 10% or less and will lose 1.1111% for each 1% that it declines beyond 10%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Capped buffered enhanced participation equity notes
Underlying index:	MSCI EAFE
Amount:	$2,181,000
Maturity:	July 10, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 140% of any index gain, capped at $1,130.62 per $1,000 of notes; par if index falls by up to 10%; 1.1111% loss for each 1% index decline beyond 10%
Initial level:	1,864.91
Buffer level:	90%
Pricing date:	May 5
Settlement date:	May 12
Agent:	J.P. Morgan Securities LLC
Fees:	None
Cusip:	46646QRG2

© 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.