New Issue: JPMorgan prices $6.1 million 5.15% yield notes linked to iShares MSCI EAFE, Russell

By Wendy Van Sickle

Columbus, Ohio, May 9 – JPMorgan Chase Financial Co. LLC priced $6.1 million of 5.15% yield notes due May 8, 2017 linked to the lesser performing of the iShares MSCI EAFE exchange-traded fund and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

Interest is payable monthly.

The payout at maturity will be par the final coupon unless either underlying component falls by more than its 20% buffer, in which case investors will lose 1.25% for each 1% the lesser component falls below the buffer.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Gurantor:	JPMorgan Chase & Co.
Issue:	Yield notes
Underliers:	iShares MSCI EAFE ETF and Russell 2000 index
Amount:	$6.1 million
Maturity:	May 8, 2017
Coupon:	5.15%, payable monthly
Price:	Par
Payout at maturity:	Par plus final coupon unless either underlier falls by more than 10%, in which case 1.25% loss for each 1% lesser performing underlier falls beyond 20%
Call option:	At par on July 27, 2016, Oct. 27, 2016, Jan. 27, 2017 and April 27, 2017
Initial levels:	$58.98 for ETF, 1,140.920 for Russell 2000
Pricing date:	May 3
Settlement date:	May 6
Agent:	J.P. Morgan Securities LLC
Fees:	None
Cusip:	46646ECB6

© 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.