By Sarah Lizee
Olympia, Wash., June 11 – JPMorgan Chase Financial Co. LLC priced $1.73 million of 7.15% autocallable yield notes due June 9, 2022 linked to the worst performing of the common stocks of Walt Disney Co., FedEx Corp. and Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
Interest will be payable monthly.
Starting in September, the notes will be called at par if each stock closes at or above 90% of its initial level on any monthly review date other than the final date.
If the notes are not called, the payout at maturity will be par unless any stock finishes below its trigger level, 50% of its initial level, in which case investors will lose 1% for every 1% 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: | Walt Disney Co., FedEx Corp. and Facebook, Inc.
|
| Amount: | $1.73 million
|
| Maturity: | June 9, 2022
|
| Coupon: | 7.15% per year, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless any stock finishes below its trigger level, in which case investors will lose 1% for every 1% decline of the least performing stock
|
| Call: | Starting in September, at par if each stock closes at or above 90% of its initial level on any monthly review date other than the final date
|
| Initial levels: | $124.82 for Disney, $142.21 for FedEx, $230.77 for Facebook
|
| Trigger levels: | $62.41 for Disney, $71.105 for FedEx, $115.385 for Facebook; 50% of its initial levels
|
| Pricing date: | June 8
|
| Settlement date: | June 12
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3%
|
| Cusip: | 48132MGG0
|
|
|
© 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.
