By Wendy Van Sickle
Columbus, Ohio, June 28 – JPMorgan Chase Financial Co. LLC priced $1.07 million of contingent interest notes due June 23, 2025 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes pay a contingent quarterly coupon at a rate of 7.05% per year if the index closes at or above its coupon barrier, 80% of its initial level, on the review date for that period.
The payout at maturity will be par unless the index finishes below its 80% buffer value, in which case investors will lose 1% for every 1% decline below 20%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Contingent interest notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $1.07 million
|
| Maturity: | June 23, 2025
|
| Coupon: | 7.05% annual rate, payable quarterly if the index closes at or above its coupon barrier on the review date for that period
|
| Price: | Par
|
| Payout at maturity: | Par unless the index finishes below its buffer value, in which case investors will lose 1% for every 1% decline beyomd 20%
|
| Initial level: | 3,674.84
|
| Coupon barrier: | 2,939.872; 80% of initial level
|
| Buffer level: | 2,939.872; 80% of initial level
|
| Pricing date: | June 17
|
| Settlement date: | June 23
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0%
|
| Cusip: | 48133GZZ9
|
|
|
© 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.
