New Issue: JPMorgan sells $502,000 uncapped buffered return enhanced notes on Stoxx, ETF

By Kiku Steinfeld

Chicago, Feb. 12 – JPMorgan Chase Financial Co. LLC priced $502,000 of 0% uncapped buffered return enhanced notes due Feb. 4, 2021 linked to the lesser performing of the Euro Stoxx 50 index, the FTSE index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If each asset finishes above its initial level, the payout at maturity will be par plus 1.1 times the gain of the worse performing asset.

If either asset falls but by no more than 25%, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline of the worse performing asset.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Uncapped buffered return enhanced notes
Underlying assets:	Euro Stoxx 50 index, FTSE index, iShares MSCI Emerging Markets ETF
Amount:	$502,000
Maturity:	Feb. 4, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If each asset finishes above its initial level, par plus 1.1 times the gain of the worse performing asset; if either asset falls by up to 25%, par; otherwise, 1% loss for each 1% decline of worse performing asset
Initial levels:	$43.63 for EM ETF, 3,736.36 for Euro Stoxx, 7,483.57 for FTSE
Buffer levels:	75% of initial levels
Pricing date:	Jan. 29
Settlement date:	Feb. 3
Agent:	J.P. Morgan Securities LLC
Fees:	0.725%
Cusip:	48132HXL1

© 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.