By William Gullotti
Buffalo, N.Y., Dec. 29 – JPMorgan Chase Financial Co. LLC priced $1.12 million of step-up autocallable notes due Dec. 24, 2026 linked to the performance of the J.P. Morgan Dynamic Blend index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be automatically called at par plus an 11.5% annualized call premium if the index closes at or above its call level on any annual review date. Call level starts at 100.5% of initial level and steps up by 50 basis points per year.
The payout at maturity will be par plus any gain of the index.
Otherwise, investors will receive par.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Issue: | Step-up autocallable notes
|
| Underlying index: | J.P. Morgan Dynamic Blend index
|
| Amount: | $1,118,000
|
| Maturity: | Dec. 24, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains, par plus index return; otherwise, par
|
| Call: | Automatically called at par plus call premium of 10.5% per year if the index closes at or above call level on any annual review date; call level starts at 100.5% of initial level and steps up by 50 bps per year
|
| Initial level: | 150.02
|
| Pricing date: | Dec. 20
|
| Settlement date: | Dec. 26
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.75%
|
| Cusip: | 48134RUM8
|
|
|
© 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.
