New Issue: JPMorgan prices $1.2 million uncapped buffered return enhanced notes on indexes

By Kiku Steinfeld

Chicago, Nov. 14 – JPMorgan Chase Financial Co. LLC priced $1.2 million of 0% uncapped buffered return enhanced notes due April 14, 2023 linked to the Dow Jones industrial average, Nasdaq-100 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing index gains, the payout at maturity will be par plus 96.95% of the return of the worst performing index. The payout will be par if the worst performing index declines but by no more than the 15% buffer. Investors will lose 1% for every 1% that the worst performing index declines beyond the buffer.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Uncapped buffered return enhanced notes
Underlying indexes:	Dow Jones industrial average, Nasdaq-100 index and S&P 500 index
Amount:	$1,195,000
Maturity:	April 14, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing index gains, par plus 96.95% of worst performing index return; par if worst performing index declines but by no more than 15% buffer; 1% loss for every 1% that worst performing index declines beyond the buffer
Initial levels:	32,944.19 for Dow, 13,301.83 for Nasdaq, 4,204.31 for S&P
Upside leverage:	96.95%
Cap:	None
Buffer:	15%
Pricing date:	March 11
Settlement date:	March 16
Agent:	J.P. Morgan Securities LLC
Fees:	0.22%
Cusip:	48133DVW7

© 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.