By William Gullotti
Buffalo, N.Y., July 18 – JPMorgan Chase Financial Co. LLC priced $565,000 of 7.6% autocallable yield notes due July 16, 2025 linked to the common stock of Ulta Beauty, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be paid monthly.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be called at par plus the coupon if the stock closes at or above its initial level on any monthly review date.
The payout at maturity will be par plus the coupon unless the stock finishes below its trigger level, 69% of its initial level, in which case investors will lose 1% for each 1% decline from initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable yield notes
|
| Underlying stock: | Ulta Beauty, Inc.
|
| Amount: | $565,000
|
| Maturity: | July 16, 2025
|
| Coupon: | 7.6%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par plus final coupon unless the stock finishes below its trigger level, in which case 1% loss for each 1% decline from initial level
|
| Call: | At par plus coupon if the stock closes at or above its initial level on any monthly review date
|
| Initial level: | $483.24
|
| Trigger level: | $333.4356; 69% of initial level
|
| Pricing date: | July 11
|
| Settlement date: | July 14
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.75%
|
| Cusip: | 48133X7H3
|
|
|
© 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.
