By Wendy Van Sickle
Columbus, Ohio, Jan. 12 – JPMorgan Chase Financial Co. LLC priced $1.53 million of 12.96% yield notes due Dec. 4, 2023 linked to the spread between the 30-year U.S. dollar ICE swap rate and the two-year U.S. dollar ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Interest is payable annually.
The payout at maturity will be par unless the spread falls below the trigger level, set at 0%, on any calendar day during the observation period, in which case investors will lose a percentage equal to the percentage of days where the underlying spread was less than 0%.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Yield notes
|
Underlying spread: | 30-year U.S. dollar ICE swap rate minus two-year U.S. dollar ICE swap rate
|
Amount: | $1.53 million
|
Maturity: | Dec. 4, 2023
|
Coupon: | 12.96%, payable annually
|
Price: | Par
|
Payout at maturity: | Par unless the spread falls below trigger level on any day during the observation period, in which case investors will lose a percentage of their investment equal to the percentage of days where the underlying spread was less than 0%
|
Trigger level: | 0%
|
Observation dates: | Starting and including Dec. 2, 2022 up to, but excluding, the maturity date
|
Pricing date: | Nov. 29
|
Settlement date: | Dec. 2
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 0.4%
|
Cusip: | 48130UZK4
|
|
© 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.