New Issue: JPMorgan prices $1.08 million three-year review notes tied to Stoxx 50

By Susanna Moon

Chicago, May 23 – JPMorgan Chase Financial Co. LLC priced $1.08 million of 0% review notes due May 21, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual call premium of 10.75% if the index closes at or above initial level on any annual review date.

If the notes are not called, the payout at maturity will be par unless the index finishes below its 80% trigger level, in which case investors will be fully exposed to any losses.

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:	Review notes
Underlying index:	Euro Stoxx 50
Amount:	$1,079,000
Maturity:	May 21, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless index falls by more than 20%, in which case 1% loss for each 1% decline
Call:	At par plus 10.75% annualized if index closes at or above initial level on May 28, 2019, May 18, 2020 or May 18, 2021
Initial level:	3,573.76
Trigger level:	2,859.008, 80% of initial level
Pricing date:	May 18
Settlement date:	May 23
Agent:	J.P. Morgan Securities LLC
Fees:	2%
Cusip:	48129MSN7

© 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.