New York, Feb. 23 – JPMorgan Chase Financial Co. LLC priced $3.49 million of autocallable contingent interest notes due Feb. 20, 2026 linked to the common stocks of FedEx Corp. and Southwest Airlines Co., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 18.15%, paid quarterly, if each underlying stock closes at or above its 70% trigger level on the related quarterly observation date.
The securities will be called automatically at par if the closing price of each underlying stock is greater than or equal to its initial price on any quarterly review date.
At maturity, the payout will be par unless the worst performing stock finishes below its 70% trigger level, in which case investors will be fully exposed to the decline of the worst performing stock.
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: | Autocallable contingent interest notes
|
| Underlying stocks: | FedEx Corp. and Southwest Airlines Co.
|
| Amount: | $3.49 million
|
| Maturity: | Feb. 20, 2026
|
| Coupon: | 18.15%, paid quarterly, if each underlying stock closes at or above its 70% trigger level on the related quarterly observation date
|
| Price: | Par
|
| Payout at maturity: | Par unless the worst performing stock finishes below its trigger level, in which case investors will be fully exposed to the decline in the worst performing stock
|
| Call: | Automatically at par if the closing price of each underlying stock is greater than or equal to its initial price on any quarterly review date
|
| Initial levels: | $211.67 for FedEx Corp., $35.41 for Southwest Airlines Co.
|
| Trigger levels: | $148.169 for FedEx Corp., $24.787 for Southwest Airlines Co., 70% of initial level
|
| Pricing date: | Feb. 16
|
| Settlement date: | Feb. 22
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2%
|
|
|
| Cusip: | 48133UD82
|
|
|
|
|
© 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.
