New Issue: JPMorgan prices $4.59 million uncapped accelerated barrier notes on three indexes

By William Gullotti

Buffalo, N.Y., May 25 – JPMorgan Chase Financial Co. LLC priced $4.59 million of 0% uncapped accelerated barrier notes due May 24, 2028 linked to the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing index finishes flat or gains, the payout at maturity will be par plus 181% of the return of that index.

The payout will be par if the worst performing index declines but finishes at or above its 70% barrier. Otherwise, investors will lose 1% for every 1% that the worst performing index declines from its initial level.

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 accelerated barrier notes
Underlying indexes:	Dow Jones industrial average, Nasdaq-100 index, Russell 2000 index
Amount:	$4,593,000
Maturity:	May 24, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing index finishes flat or gains, par plus 181% of that index’s return; par if worst performing index declines but finishes at or above its barrier; otherwise, 1% loss for every 1% that worst performing index declines from initial level
Initial levels:	33,426.63 for Dow, 13,803.49 for Nasdaq, 1,773.717 for Russell
Barriers:	23,398.641 for Dow, 9,662.443 for Nasdaq, 1,241.6019 for Russell, 70% of initial levels
Pricing date:	May 19
Settlement date:	May 24
Agent:	J.P. Morgan Securities LLC
Fees:	4.125%
Cusip:	48133WYE2

© 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.