By William Gullotti
Buffalo, N.Y., Jan. 10 – JPMorgan Chase Financial Co. LLC priced $250,000 of autocallable contingent interest notes due Aug. 24, 2023 linked to the class A common stock of Ford Motor Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes pay a monthly contingent interest payment at an annual rate of 10.5% if the stock closes at or above its 70% coupon barrier level on the relevant review date.
If the stock closes at or above its initial level on any quarterly review date, the notes will be automatically called at par plus the contingent interest payment.
The payout at maturity will be par if the stock finishes at or above its trigger price, 60% of its initial price.
Otherwise, investors will be fully exposed to the decline of the stock from its initial price.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent interest notes
|
| Underlying stock: | Ford Motor Co.
|
| Amount: | $250,000
|
| Maturity: | Aug. 24, 2023
|
| Coupon: | 10.5% annual rate, payable monthly if stock closes at or above coupon barrier on review date for that period
|
| Price: | Par
|
| Payout at maturity: | Par if stock finishes at or above trigger price; otherwise, full exposure to losses of stock
|
| Call: | At par plus interest payment if stock closes at or above initial level on quarterly review date
|
| Initial price: | $12.57
|
| Coupon barrier level: | $8.799; 70% of initial price
|
| Trigger level: | $7.542; 60% of initial price
|
| Strike date: | Aug. 20
|
| Pricing date: | Aug. 23
|
| Settlement date: | Aug. 26
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.75%
|
| Cusip: | 48132WGQ6
|
|
|
© 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.
