By Marisa Wong
Morgantown, W.Va., July 27 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% review notes due July 26, 2021 linked to the lesser performing of the Euro Stoxx 50 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filed 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 9.2% if each underlying closes at or above its initial level on any of four annual call dates.
The payout will be par plus the contingent minimum return of 10% unless either underlying finishes below its 70% trigger level, in which case investors will be fully exposed to the losses of the worse performing underlying.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Review notes
|
Underlyings: | Euro Stoxx 50 index and iShares MSCI EAFE ETF
|
Amount: | $500,000
|
Maturity: | July 26, 2021
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus the contingent minimum return of 10% unless either underlying finishes below its 70% trigger level, in which case investors will be fully exposed to the losses of the worse performing underlying
|
Call: | At par plus an annual call premium of 9.2% if each underlying closes at or above its initial level on any of four annual call dates
|
Initial levels: | 3,451.71 for index and $66.55 for ETF
|
Trigger levels: | 2,416.197 for index and $46.585 for ETF; 70% of initial levels
|
Pricing date: | July 21
|
Settlement date: | July 28
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 2.5%
|
Cusip: | 46647MXR9
|
|
© 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.