New Issue: JPMorgan sells $7.92 million enhanced trigger jump notes on Stoxx, Russell

By Sarah Lizee

Olympia, Wash., Jan. 9 – JPMorgan Chase Financial Co. LLC priced $7.92 million of 0% enhanced trigger jump securities due Jan. 3, 2025 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its 80% trigger level, the payout at maturity will equal par of $10 plus the greater of any gain of the worse performing index and the fixed return of $5.115 per $10.00 of notes.

Otherwise, investors will lose 1% for each 1% decline of the worse performing index.

J.P. Morgan Securities LLC is the agent, with Morgan Stanley Wealth Management as dealer.

The notes are guaranteed by JPMorgan Chase & Co.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Enhanced trigger jump securities
Underlying indexes:	Euro Stoxx 50, Russell 2000
Amount:	$7,921,000
Maturity:	Jan. 3, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If each index gains or falls by up to 20%, par plus greater of any gain of the worse performing index and the fixed return of $5.115 per $10.00 of notes; otherwise, 1% loss per 1% decline of worse performing index
Initial levels:	3,748.47 for Stoxx, 1,664.15 for Russell
Trigger levels:	2,998.776 for Stoxx, 1,331.320 for Russell; 80% of initial levels
Pricing date:	Dec. 30
Settlement date:	Jan. 3
Agent:	J.P. Morgan Securities LLC
Distribution:	Morgan Stanley Smith Barney LLC
Fees:	3.5%
Cusip:	48132J694

© 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.