By Sarah Lizee
Olympia, Wash., Jan. 27 – JPMorgan Chase Financial Co. LLC priced $664,000 of autocallable contingent interest notes due Jan. 27, 2025 tied to the least performing of the SPDR S&P Oil & Gas Exploration & Production ETF and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 7% if each underlying asset closes at or above its 70% coupon barrier on the coupon review date for that quarter.
The notes will be called at par plus the contingent coupon if each asset closes at or above its initial level on any quarterly autocall review date other than the final review date.
The payout at maturity will be par unless any underlier finishes below its 70% barrier level, in which case investors will be exposed to any losses of the worst performing index or fund.
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 assets: | SPDR S&P Oil & Gas Exploration & Production ETF and Nasdaq-100 index
|
Amount: | $664,000
|
Maturity: | Jan. 27, 2025
|
Coupon: | 7%, payable quarterly if each underlying asset closes at or above its coupon barrier on the coupon review date for that quarter
|
Price: | Par
|
Payout at maturity: | Par unless any underlier finishes below its barrier level, in which case investors will be exposed to any losses of the worst performing index or fund
|
Call: | Automatically at par plus contingent coupon if each asset closes at or above initial price on any quarterly autocall review date other than the final review date
|
Initial levels: | 9,188.575 for index and $21.15 for ETF
|
Coupon barriers: | 6,432.0025 for index and $14.805 for ETF, 70% of initial levels
|
Barrier values: | 6,432.0025 for index and $14.805 for ETF, 70% of initial levels
|
Pricing date: | Jan. 22
|
Settlement date: | Jan. 27
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 4.125%
|
Cusip: | 48132HUW0
|
|
© 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.