New Issue: JPMorgan prices $1.55 million PLUS linked to Topix

New York, Sept. 22 – JPMorgan Chase Financial Co. LLC priced $1.55 million of 0% PLUS due Jan. 3, 2025 linked to the Topix index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 300% of the index return, subject to a maximum return of par plus 41.6%.

Investors will be fully exposed to any index decline.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent. Morgan Stanley will act as distributor.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	PLUS
Underlying index:	Topix index
Amount:	$1,549,000
Maturity:	Jan. 3, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 300% of index return, subject to a maximum return of par plus 41.6%; otherwise, 1% loss for every 1% that index declines
Initial level:	2,428.38
Upside leverage:	300%
Cap:	41.6%
Pricing date:	Sept. 15
Settlement date:	Sept. 20
Agent:	J.P. Morgan Securities LLC
Distributor:	Morgan Stanley
Fees:	2.25% including a structuring fee of 0.5%
Cusip:	48134AAF2

© 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.