By Marisa Wong
Morgantown, W.Va., Aug. 28 – JPMorgan Chase Financial Co. LLC priced $2.09 million of 0% review notes due Aug. 22, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be called at par plus an annual call premium of 10.8% if the index closes at or above its initial level on any annual review date.
If the notes are not called, the payout at maturity will be par unless the index falls by more than 25%, in which case investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Review notes
|
Underlying index: | Euro Stoxx 50
|
Amount: | $2,093,000
|
Maturity: | Aug. 22, 2019
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par unless the index falls by more than 25%, in which case investors will be fully exposed to any losses
|
Call: | At par plus 10.8% per year if index closes at or above initial level on any annual review date
|
Initial index level: | 3,446.03
|
Contingent buffer: | 25%
|
Pricing date: | Aug. 18
|
Settlement date: | Aug. 23
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 1.5%
|
Cusip: | 46647MQ89
|
|
© 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.