New Issue: JPMorgan prices $675,000 two-year digital notes linked to Euro Stoxx 50

By Marisa Wong

Morgantown, W.Va., May 31 – JPMorgan Chase Financial Co. LLC priced $675,000 of 0% digital notes due May 29, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus the digital return of 19.8%. Investors will receive par if the index falls by 15% or less and will lose 1% for each 1% that it declines beyond 15%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Digital notes
Underlying index:	Euro Stoxx 50
Amount:	$675,000
Maturity:	May 29, 2018
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If index gains or is flat, par plus 19.8%; if index falls by up to 15%, par; otherwise, 1% loss for every 1% decline beyond 15%
Initial level:	2,932.93
Pricing date:	May 23
Settlement date:	May 26
Agent:	J.P. Morgan Securities LLC
Fees:	0.15%
Cusip:	46646ECP5

© 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.