By Kiku Steinfeld
Chicago, May 28 – JPMorgan Chase Financial Co. LLC priced $6.6 million of 6.8% yield notes due May 4, 2022 linked to the common stock of Merck & Co., Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Interest is payable quarterly.
The payout at maturity will be par unless the stock finishes below its initial value and has closed below the 80% trigger level on any day during the life of the notes, in which case investors will be fully exposed to the stock’s decline.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Yield notes
|
| Underlying stock: | Merck & Co., Inc.
|
| Amount: | $6,595,000
|
| Maturity: | May 4, 2022
|
| Coupon: | 6.8%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par unless stock finishes below initial value and has ever closed below trigger value during life of notes, in which case full exposure to losses
|
| Initial value: | $73.17
|
| Trigger value: | $58.536; 80% of initial value
|
| Strike date: | April 29
|
| Pricing date: | April 30
|
| Settlement date: | May 5
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.10633%
|
| Cusip: | 48132T6F8
|
© 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.
