New Issue: JPMorgan sells $552,000 autocallable reverse exchangeables on Facebook

New York, Dec. 8 – JPMorgan Chase & Co. priced $552,000 of 8.25% autocallable reverse exchangeable notes due Dec. 5, 2016 linked to the class A common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called at par if Facebook stock closes at or above the initial share price on May 31, 2016, Aug. 30, 2016 or Nov. 30, 2016.

If the notes are not called, the payout at maturity will be par unless the final share price is less than the trigger price, 70% of the initial share price, in which case the payout will be a number of Facebook shares equal to $1,000 divided by the trigger value of $72.968.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Autocallable reverse exchangeable notes
Underlying stock:	Facebook, Inc. class A common stock (Symbol: FB)
Amount:	$552,000
Maturity:	Dec. 5, 2016
Coupon:	8.25%, payable monthly
Price:	Par
Payout at maturity:	Par unless final share price is less than trigger price, in which case a number of Facebook shares equal to $1,000 divided by the trigger value of $72.968
Call:	At par if stock closes at or above initial share price on May 31, 2016, Aug. 30, 2016 or Nov. 30, 2016
Initial share price:	$104.24
Trigger value:	$72.968, 70% of initial share price
Pricing date:	Nov. 30
Settlement date:	Dec. 3
Agent:	J.P. Morgan Securities LLC
Fees:	1.5%
Cusip:	48127YAC6

© 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.