By Wendy Van Sickle
Columbus, Ohio, Nov. 19 – JPMorgan Chase Financial Co. LLC priced $3.7 million of 8% autocallable yield notes due Nov. 17, 2021 linked to the worst performing of the common stocks of Apple Inc., Facebook, Inc. and Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
Interest rate will payable monthly.
The notes will be called at par if each stock closes at or above its initial level on any quarterly review date other than the final date.
The payout at maturity will be par unless any stock finishes below its trigger level, 60% of its initial level, , in which case investors will be fully exposed to the decline of the least performing stock.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable yield notes
|
| Underlying stocks: | Apple Inc., Facebook, Inc. and Alphabet Inc.
|
| Amount: | $3.7 million
|
| Maturity: | Nov. 17, 2021
|
| Coupon: | 8%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless any stock finishes below its trigger level, in which case full exposure to decline of worst performing stock
|
| Call: | At par if each stock closes at or above its initial level on any quarterly review date other than the final date
|
| Initial levels: | $261.96 for Apple, $194.47 for Facebook and $1,297.21 for Alphabet
|
| Trigger levels: | $157.176 for Apple, $116.682 for Facebook and $778.326 for Alphabet; 60% of initial levels
|
| Pricing date: | Nov. 12
|
| Settlement date: | Nov. 15
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.75%
|
| Cusip: | 48132FH33
|
|
|
© 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.
