New York, July 31 – JPMorgan Chase Financial Co. LLC priced $500,000 of autocallable yield notes due Jan. 24, 2025 linked to the common stocks of Citigroup Inc., Visa Inc. and lululemon athletica inc., according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at par if each stock closes at or above its initial share price on any quarterly review date.
Investors will receive a coupon of 8.9%, paid quarterly.
If the worst performing stock ends above its 70% buffer level, the payout at maturity will be par plus the coupon. Otherwise investors will lose 1.42857% for every 1% that the worst performing stock declines beyond 30%.
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 yield notes
|
| Underlying stocks: | Citigroup Inc., Visa Inc. and lululemon athletica inc.
|
| Amount: | $500,000
|
| Maturity: | Jan. 24, 2025
|
| Coupon: | 8.9%, paid quarterly
|
| Price: | Par
|
| Payout at maturity: | If worst performing stock finishes at or above its buffer level, par; otherwise 1.42857% loss for every 1% that worst performing stock declines beyond 30%
|
| Call: | Automatically at par if each stock closes at or above its initial share price on any quarterly review date
|
| Initial levels: | $47.05 for Citigroup Inc., $239.25 for Visa Inc., $382.96 for lululemon athletica inc.
|
| Buffer levels: | 70% of initial levels
|
| Strike date: | July 21
|
| Pricing date: | July 24
|
| Settlement date: | July 27
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48133YB60
|
|
|
|
|
© 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.
