By William Gullotti
Buffalo, N.Y., Oct. 5 – JPMorgan Chase Financial Co. LLC priced $10 million of 0% review notes due Oct. 2, 2026 linked to the performance of the stocks of Twitter, Inc., DoorDash, Inc. and Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 21.15% if each stock closes at or above its applicable call level on any annual review date. The call level will be 100% of the initial level for each stock for each date except the final one when it will be 60% of each stock’s initial level.
If each stock finishes at or above its 60% trigger level, the notes will be called at par plus 105.75%.
If the notes are not called, investors will lose 1% for every 1% decline of the worst performer from its initial level.
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: | Review notes
|
| Underlying stocks: | Twitter, Inc., DoorDash, Inc., Facebook, Inc.
|
| Amount: | $10 million
|
| Maturity: | Oct. 2, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each stock finishes at or above trigger level, the notes will be called at par plus 105.75%; otherwise, 1% loss for each 1% decline of worst performing stock from its initial level
|
| Call: | At par plus 21.15% per year if each stock closes at or above call level on annual review date; call level will be 100% of the initial level for each stock for each date except the final one when it will be 60% of each stock’s initial level
|
| Initial levels: | $62.45 for Twitter, $206.32 for DoorDash, $340.65 for Facebook
|
| Trigger levels: | 60% of initial levels
|
| Strike date: | Sept. 28
|
| Pricing date: | Sept. 29
|
| Settlement date: | Oct. 4
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.75%
|
| Cusip: | 48132W5N5
|
|
|
|
|
|
|
© 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.
