New Issue: JPMorgan prices $750,000 capped buffered notes on index, ETF basket

By Marisa Wong

Morgantown, W.Va., March 16 – JPMorgan Chase Financial Co. LLC priced $750,000 of 0% capped buffered equity notes due March 19, 2020 linked to a basket consisting of the S&P 500 index with a 50% weight, the Russell 2000 index with a 25% weight and the iShares MSCI EAFE exchange-traded fund with a 25% weight, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The payout at maturity will be par plus any basket gain, up to a maximum return of 19.5%.

Investors will receive par if the basket falls by up to 15% and will lose 1% for every 1% decline beyond 15%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Capped buffered equity notes
Underlying basket:	S&P 500 index (50% weight), Russell 2000 index (25% weight), iShares MSCI EAFE ETF (25% weight)
Amount:	$750,000
Maturity:	March 19, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any basket gain, capped at 19.5%; par if basket falls by up to 15%; 1% loss for every 1% decline beyond 15%
Initial levels:	2,749.48 for S&P, 1,584.311 for Russell and $70.56 for ETF
Pricing date:	March 14
Settlement date:	March 19
Agent:	J.P. Morgan Securities LLC
Fees:	0.6%
Cusip:	48129MDS2

© 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.