By Susanna Moon
Chicago, April 20 – JPMorgan Chase Financial Co. LLC priced $1.24 million of 9% autocallable yield notes due July 18, 2018 linked to Dick’s Sporting Goods, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Interest is payable monthly.
The notes will be called at par if the stock closes at or above its initial level on any review date other than the final date.
The payout at maturity will be par unless the stock finishes below its initial level and ever closes below its 65% trigger level during the life of the notes, in which case investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable yield notes
|
| Underlying stock: | Dick’s Sporting Goods, Inc. (Symbol: DKS)
|
| Amount: | $1,242,000
|
| Maturity: | July 18, 2018
|
| Issue price: | Par
|
| Coupon: | 9% annualized, payable monthly
|
| Payout at maturity: | Par unless stock falls and ever dips below 65% trigger, in which case full exposure to any losses
|
| Call: | At par if stock closes at or above initial level on any review date other than the final date
|
| Initial level: | $49.66
|
| Trigger level: | $32.279, 65% of initial level
|
| Pricing date: | April 13
|
| Settlement date: | April 19
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 46646QZ65
|
|
|
|
|
© 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.
