New Issue: JPMorgan sells $332,000 five-year notes on S&P 500, Russell 2000

By Marisa Wong

Morgantown, W.Va., Sept. 26 – JPMorgan Chase Financial Co. LLC priced $332,000 of 0% notes due Aug. 31, 2023 linked to the lesser performing of the S&P 500 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If each index finishes above its initial level, the payout at maturity will be par plus 1.1 times the gain in the lesser performing index.

Otherwise, the payout will be par plus the return of the lesser performing index, subject to a floor of 90% of par.

The agent is J.P. Morgan Securities LLC.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$332,000
Maturity:	Aug. 31, 2023
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 1.1 times any gain in lesser performing index; exposure to losses in lesser performing index up to 10%
Initial value:	2,901.52 for S&P and 1,740.753 for Russell
Pricing date:	Aug. 31
Settlement date:	Sept. 6
Agent:	J.P. Morgan Securities LLC
Fees:	0.54142%
Cusip:	48129MY34

© 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.