By Susanna Moon
Chicago, Nov. 29 – JPMorgan Chase Financial Co. LLC priced $5.58 million of callable contingent interest notes due Nov. 24, 2020 linked to the lesser performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent semiannual coupon at an annual rate of 7.05% if each index closes at or above its 70% coupon barrier on the review date for that period.
The notes are callable at par on any review date other than the final date.
The payout at maturity will be par unless either index finishes below its 70% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.
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: | Callable contingent interest notes
|
| Underlying indexes: | Russell 2000 and Euro Stoxx 50
|
| Amount: | $5,581,000
|
| Maturity: | Nov. 24, 2020
|
| Coupon: | 7.05% annualized, payable semiannually if each index closes at or above 70% coupon barrier on review date for that period
|
| Price: | Par
|
| Payout at maturity: | Par plus contingent coupon unless either index finishes below trigger, in which case 1% loss for each 1% decline of worse performing index
|
| Call: | At par on any quarterly review date other than the final date
|
| Initial index levels: | 1,492.822 for Russell and 3,547.46 for Stoxx
|
| Trigger levels: | 1,044.9754 for Russell and 2,483.222 for Stoxx; 70% of initial levels
|
| Pricing date: | Nov. 17
|
| Settlement date: | Nov. 27
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.225%
|
| Cusip: | 48129HJA6
|
|
|
|
|
© 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.
