New Issue: JPMorgan prices $288,000 notes linked to S&P, Russell, Dow

By Kiku Steinfeld

Chicago, Jan. 10 – JPMorgan Chase Financial Co. LLC priced $288,000 of 0% notes due Dec. 30, 2022 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of each index is greater than its initial level, the payout at maturity will be par plus the lesser-performing index’s return. Otherwise, investors will lose 1% for every 1% that the lesser-performing index declines from its initial level, subject to a minimum payout of $900 per $1,000 principal amount of notes.

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:	Notes
Underlying indexes:	S&P 500, Russell 2000 and Dow Jones industrial average
Amount:	$288,000
Maturity:	Dec. 30, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If final level of each index is greater than initial level, par plus lesser-performing index’s return; otherwise, 1% loss for every 1% that lesser-performing index declines from initial level, subject to floor of 90% of par
Initial levels:	3,240.02 for S&P, 1,669.033 for Russell and 28,645.26 for Dow
Pricing date:	Dec. 27
Settlement date:	Jan. 2
Agent:	J.P. Morgan Securities LLC
Fees:	0.27604%
Cusip:	48132HAZ5

© 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.