New York, April 24 – JPMorgan Chase Financial Co. LLC priced $6.56 million of autocallable contingent interest notes due April 13, 2029 linked to the MerQube US Tech+ Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.75%, paid monthly, if the underlying index closes at or above its 60% trigger level on the related monthly observation date, plus any previously unpaid coupons.
The securities will be called automatically at par if the closing level of the index is greater than or equal to its initial level on any monthly review date starting April 10, 2025.
At maturity, the payout will be par unless the index finishes below its trigger level, in which case investors will lose 1% for each 1% that the index declines.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Autocallable contingent interest notes
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Underlying index: | MerQube US Tech+ Vol Advantage index
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Amount: | $6,561,000
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Maturity: | April 13, 2029
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Coupon: | 10.75%, paid monthly, if the underlying index closes at or above its 60% trigger level on the related monthly observation date, plus any previously unpaid coupons
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Price: | Par
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Payout at maturity: | Par unless the index finishes below trigger level, in which case investors will lose 1% for each 1% that the index declines from initial level
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Call: | Automatically at par if the closing level of the index is greater than or equal to its initial level on any monthly review date starting April 10, 2025
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Initial level: | 10,248.41
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Trigger level: | 6,149.046, 60% of initial level
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Pricing date: | April 10
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Settlement date: | April 15
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Agent: | J.P. Morgan Securities LLC
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Fees: | 4.25%
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Cusip: | 48134XEA9
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