New Issue: JPMorgan sells $1.02 million digital dual directional notes on S&P, Russell

By Sarah Lizee

Olympia, Wash., Aug. 7 – JPMorgan Chase Financial Co. LLC priced $1.02 million of 0% digital dual directional notes due Aug. 8, 2022 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.

If the final level of each index is greater than or equal to its initial level, the payout at maturity will be par plus the digital return, 35%.

If the lesser-performing index falls by up to 30%, the payout will be par plus the absolute value of the return of the lesser-performing index. Otherwise, investors will lose 1% for each 1% decline of the lesser-performing index.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Digital dual directional notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$1,024,000
Maturity:	Aug. 8, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If final level of each index is greater than or equal to its initial level, par plus 35%; if lesser-performing index falls by up to 30%, par plus the absolute value of the return of the lesser-performing index; otherwise, 1% loss for each 1% decline of the lesser-performing index
Initial index levels:	2,840.35 for S&P 500 and 1,673.372 for Russell 2000
Pricing date:	Aug. 3
Settlement date:	Aug. 8
Agent:	J.P. Morgan Securities LLC
Fees:	None
Cusip:	48129M4Y9

© 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.