New Issue: JPMorgan prices $5.9 million contingent interest autocallables linked to indexes

By Sarah Lizee

Olympia, Wash., Dec. 31 – JPMorgan Chase Financial Co. LLC priced $5.9 million of autocallable contingent interest notes due June 30, 2021 linked to the least performing of the S&P 500 index, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at the rate of 6.25% per year if each index closes at or above its trigger value, 70% of its initial level, on the review date for that quarter.

The notes will be automatically called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly review date other than the final review date.

If the notes have not been called, the payout at maturity will be par unless any index finishes below its initial level and any index ever closes below its trigger value on any day during the life of the notes, in which case investors will lose 1% for every 1% that the least-performing index finishes below its initial level.

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 indexes:	S&P 500, Nasdaq-100 and Russell 2000
Amount:	$5,902,000
Maturity:	June 30, 2021
Coupon:	6.25% per year, payable quarterly if each index closes at or above trigger value on review date for that quarter
Price:	Par
Payout at maturity:	Par unless any index finishes below its initial level and any index ever closes below its trigger value on any day during the life of the notes, in which case investors will lose 1% for every 1% that the least-performing index finishes below its initial level
Call:	Automatically at par plus contingent coupon if each index closes at or above initial level on any quarterly review date other than final one
Initial levels:	8,678.491 for Nasdaq, 1,671.902 for Russell and 3,221.22 for S&P
Trigger values:	6,074.9437 for Nasdaq, 1,170.3314 for Russell and 2,254.854 for S&P, or 70% of initial levels
Pricing date:	Dec. 20
Settlement date:	Dec. 26
Agent:	J.P. Morgan Securities LLC
Fees:	2.10188%
Cusip:	48132HKP6

© 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.