By Angela McDaniels
Tacoma, Wash., Nov. 14 – JPMorgan Chase Financial Co. LLC priced $5.24 million of 0% digital notes due Dec. 14, 2017 linked to the lesser performing of the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
A trigger event occurs if either underlier closes below its trigger level, 65% of its initial level, on any day during the life of the notes.
If no trigger event occurs, the payout at maturity will be par plus 8.5%.
If a trigger event occurs and each underlier finishes at or above its initial level, the payout will be par.
If a trigger event occurs and either underlier finishes below its initial level, investors will be exposed to the decline of the lesser-performing underlier.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Digital notes
|
| Underliers: | Russell 2000 index and iShares MSCI EAFE ETF
|
| Amount: | $5,235,000
|
| Maturity: | Dec. 14, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Trigger event: | Either underlier closes below trigger level on any day during life of notes
|
| Payout at maturity: | If no trigger event occurs, par plus 8.5%; if trigger event occurs and each underlier finishes at or above initial level, par; if trigger event occurs and either underlier finishes below initial level, exposure to decline of lesser-performing underlier
|
| Initial levels: | 1,251.608 for index and $57.40 for ETF
|
| Trigger levels: | 813.5452 for index and $37.31 for ETF, or 65% of initial levels
|
| Pricing date: | Nov. 10
|
| Settlement date: | Nov. 16
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 46646E6E7
|
© 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.
