By Wendy Van Sickle
Columbus, Ohio, April 8 – JPMorgan Chase Financial Co. LLC priced $1.9 million of autocallable contingent interest notes due April 6, 2029 linked to the MerQube US Large-Cap Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 16%, paid monthly, if the underlying index closes at or above its 64.5% coupon barrier on the related monthly observation date.
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 after 12 months.
At maturity, the payout will be par unless the index declines by more than 55%, in which case investors will be fully exposed to the decline of the index.
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 Large-Cap Vol Advantage index
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Amount: | $1,901,000
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Maturity: | April 6, 2029
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Coupon: | 16% annual rate, paid monthly, if the underlying index closes at or above its 64.5% coupon barrier on the related monthly observation date
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Price: | Par
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Payout at maturity: | Par unless the index declines by more than 55%, in which case investors will lose 1% for each 1% decline from the 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 after 12 months
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Initial level: | 3,496.9
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Coupon barrier: | 2,255.5005, 64.5% of initial level
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Trigger level: | 1,923.295, 55% of initial level
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Pricing date: | April 2
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Settlement date: | April 5
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.9%
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Cusip: | 48134XBF1
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