New York, June 24 – JPMorgan Chase Financial Co. LLC priced $1.85 million of autocallable contingent interest notes due Dec. 21, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.45%, paid quarterly, if the underlying index closes at or above its 60% trigger level on the related quarterly observation date.
The securities will be called automatically at par if the index closes at or above its initial level on any quarterly review date.
At maturity, the payout will be par unless the index finishes below its 60% trigger level, 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
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Autocallable contingent interest notes
|
Underlying index: | S&P 500 index
|
Amount: | $1.85 million
|
Maturity: | Dec. 21, 2023
|
Coupon: | 7.45%, paid quarterly, if the underlying index closes at or above its 60% trigger level on the related quarterly observation date
|
Price: | Par
|
Payout at maturity: | Par unless the index finishes below its trigger level, in which case investors will be fully exposed to the decline in the index
|
Call: | Automatically at par if the index closes at or above its initial level on any quarterly review date
|
Initial level: | 3,674.84
|
Trigger level: | 2,204.904, 60% of initial level
|
Pricing date: | June 17
|
Settlement date: | June 23
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 0.51588%
|
|
Cusip: | 48133G4H3
|
|
|
© 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.