By Wendy Van Sickle
Columbus, Ohio, July 31 – JPMorgan Chase Financial Co. LLC priced $16.44 million of 0% autocallable buffered equity notes due July 17, 2025 linked to the performance of the S&P 500 Equal Weight index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a 9% call premium if the index closes at or above its initial level on July 26, 2024.
If the index finishes at or above its 89% buffer level, the payout at maturity will be the greater of par plus the index return and par plus 18%.
Otherwise, investors will lose 1.1236% for each 1% decline of the index beyond 11%.
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 buffered equity notes
|
| Underlying index: | S&P 500 Equal Weight index
|
| Amount: | $16,435,000
|
| Maturity: | July 17, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above buffer level, the greater of par plus the index return and par plus 18%; otherwise, 1.1236% loss for each 1% decline of index beyond 11%
|
| Call: | At par plus 9% if the index closes at or above its initial level on July 26, 2024
|
| Initial level: | 6,174.24
|
| Buffer level: | 89% of initial level
|
| Pricing date: | July 21
|
| Settlement date: | July 26
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 48133YFV1
|
|
|
© 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.
