By Susanna Moon
Chicago, Aug. 28 – JPMorgan Chase Financial Co. LLC priced $2.9 million of 0% review notes due Feb. 27, 2019 linked to the lesser performing of the Russell 2000 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 9.8% if each underlying index or fund closes at or above its initial level on any annual call date.
The payout will be par unless either underlying asset falls by more than 20%, in which case investors will lose 1.25% for each 1% decline of the worse performing underlying asset beyond 20%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Review notes
|
| Underlying assets: | Russell 2000 index and iShares MSCI EAFE ETF
|
| Amount: | $2,898,000
|
| Maturity: | Feb. 27, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par unless either underlying component falls by more than 20%, in which case 1.25% loss per 1% decline of worse performing underlying asset beyond 20%
|
| Call: | At par plus an annual call premium of 9.8% if each underlying component closes at or above its initial level on any annual call date
|
| Strike levels: | 1,371.537 for index and $66.49 for fund
|
| Barrier levels: | 80% of initial levels
|
| Strike date: | Aug. 22
|
| Pricing date: | Aug. 23
|
| Settlement date: | Aug. 28
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.15%
|
| Cusip: | 46647MU43
|
|
|
|
|
© 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.
