New Issue: JPMorgan prices $1.84 million capped notes linked to S&P 500 index

By Angela McDaniels

Tacoma, Wash., Nov. 17 – JPMorgan Chase Financial Co. LLC priced $1.84 million of 0% capped notes due May 1, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus the index return, subject to a maximum return of 9.5%. If the index return is zero or negative, the payout will be par.

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:	Capped notes
Underlying index:	S&P 500 index
Amount:	$1,838,000
Maturity:	May 1, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus index return, subject to maximum return of 9.5%; if index return is zero or negative, par
Initial level:	4,137.23
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Agent:	J.P. Morgan Securities LLC
Fees:	1.88439%
Cusip:	48134BCD3

© 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.