New York, April 26 – JPMorgan Chase Financial Co. LLC priced $2.5 million of autocallable contingent interest notes due April 23, 2026 linked to the VanEck Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.2%, paid monthly, if the underlying fund 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 price of the underlying fund is greater than or equal to its initial price on any monthly review date starting July 19.
At maturity, the payout will be par unless the ETF finishes below its trigger level, in which case investors will lose 1% for each 1% decline of the ETF from its initial level.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent interest notes
|
| Underlying ETF: | VanEck Gold Miners ETF (Ticker: GDX)
|
| Amount: | $2.5 million
|
| Maturity: | April 23, 2026
|
| Coupon: | 8.2%, paid monthly, if the underlying fund closes at or above its 60% trigger level on the related monthly observation date, plus any previously unpaid coupons
|
| Price: | Par
|
| Payout at maturity: | Par unless the ETF finishes below its trigger level, in which case investors will be fully exposed to the decline of the ETF
|
| Call: | Automatically at par if the closing price of the underlying fund is greater than or equal to its initial price on any monthly review date starting July 19
|
| Initial level: | $34.07
|
| Trigger level: | $20.442, 60% of initial level
|
| Pricing date: | April 19
|
| Settlement date: | April 24
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.35%
|
| Cusip: | 48134XXH3
|
|
|
© 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.
