New Issue: JPMorgan prices $1.35 million review notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Feb. 18 – JPMorgan Chase & Co. priced $1.35 million of 0% review notes due Jan. 4, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized premium of 8.3% per year if the index closes at or above 90% of its initial level on any of three review dates.

The payout at maturity will be par unless the index falls by more than 10%, in which case investors will lose 1% for every 1% decline beyond the buffer.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Review notes
Underlying index:	S&P 500
Amount:	$1,345,000
Maturity:	Jan. 4, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless the index falls by more than 10%, in which case 1% loss for every 1% decline beyond the buffer
Call:	At par plus an annualized premium of 8.3% if the index closes at or above 90% of its initial level on Feb. 21, 2017, June 27, 2017 or Dec. 29, 2017
Initial level:	1,895.58
Call level:	1,706.022, 90% of initial level
Pricing date:	Feb. 16
Settlement date:	Feb. 19
Agent:	J.P. Morgan Securities LLC
Fees:	0.2%
Cusip:	48128GNP1

© 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.