By William Gullotti
Buffalo, N.Y., April 23 – JPMorgan Chase Financial Co. LLC priced $4.59 million of 0% autocallable trigger PLUS due April 22, 2026 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at par plus 12.1% if the index closes at or above its initial level on April 24, 2025.
If the index return is positive, the payout at maturity will be par plus 125% of the index return.
Investors will receive par if the index return is negative but ends at or above the trigger and will lose 1% for every 1% decline from initial level if it ends below the trigger level.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent, with Morgan Stanley Wealth Management handling distribution.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Autocallable trigger PLUS
|
Underlying index: | Russell 2000 index
|
Amount: | $4.59 million
|
Maturity: | April 22, 2026
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index return is positive, par plus 125% of index return; par if index declines but finishes at or above trigger level; otherwise, 1% loss for every 1% decline from initial level
|
Call: | Automatically at par plus 12.1% if the index closes at or above its initial level on April 24, 2025
|
Initial level: | 1,947.947
|
Trigger level: | 1,460.96025; 75% of initial level
|
Pricing date: | April 17
|
Settlement date: | April 22
|
Agent: | J.P. Morgan Securities LLC
|
Distributor: | Morgan Stanley Wealth Management
|
Fees: | 2.5%
|
Cusip: | 48134XUB9
|
|
|
© 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.