By Angela McDaniels
Tacoma, Wash., June 12 – JPMorgan Chase Financial Co. LLC priced $3.7 million of 0% review notes due June 11, 2020 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 at par plus a premium of 12.1% per year if the index closes at or above its initial level on any annual review date.
If the notes are not called and the final index level is less than the initial index level by up to 25%, the payout at maturity will be par. If the index declines by more than 25%, investors will lose 1% for each 1% that the index declines from its initial level.
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
|
| Amount: | $3.7 million
|
| Maturity: | June 11, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If notes are not called and final index level is less than initial index level by up to 25%, par; otherwise, 1% loss for each 1% that index declines from initial level
|
| Call: | Automatically at par plus 12.1% per year if index closes at or above initial level on June 21, 2018 or June 10, 2019 or if final index level is greater than or equal to initial index level
|
| Initial index level: | 3,563.88
|
| Final index level: Average of index’s closing levels on five trading days ending June 8, 2020
|
| Pricing date: | June 8
|
| Settlement date: | June 13
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 46647MLT8
|
© 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.
