New York, March 25 – JPMorgan Chase Financial Co. LLC priced $10.54 million of 0% review notes due March 22, 2029 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be called automatically at a premium of 9% per year if the index closes at or above 90% of its initial value on any quarterly review date starting March 25, 2025.
If the notes are not called and the index finishes at or above 85% of its initial level, the payout at maturity will be par. Otherwise, investors will lose 1.17647% for every 1% that the index declines beyond 15%.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Review notes
|
Underlying index: | Euro Stoxx 50 index
|
Amount: | $10.54 million
|
Maturity: | March 22, 2029
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par unless index declines by more than 15%, in which case lose 1.17647% for every 1% that the index declines beyond 15%
|
Call: | Automatically at a premium of 9% per year if the index closes at or above 90% of its initial value on any quarterly review date starting March 25, 2025
|
Initial level: | 4,982.76
|
Pricing date: | March 18
|
Settlement date: | March 21
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 0.05%
|
Cusip: | 48134WW78
|
|
|
© 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.