By Angela McDaniels
Tacoma, Wash., Sept. 16 – JPMorgan Chase Financial Co. LLC priced $6.02 million of 6.5% autocallable yield notes due March 19, 2018 linked to the lesser performing of the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Interest is payable monthly.
The notes will be called at par if each underlying component closes at or above its initial level on any quarterly review date other than the final one.
The payout at maturity will be par unless the final level of either underlying component is less than its initial level by more than 20%, in which case investors will lose 1.25% for every 1% that the lesser-performing underlying component declines beyond 20%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable yield notes
|
| Underlying components: | Russell 2000 index and iShares MSCI EAFE ETF
|
| Amount: | $6,016,000
|
| Maturity: | March 19, 2018
|
| Coupon: | 6.5%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless final level of either underlying component is less than initial level by more than 20%, in which case 1.25% loss for every 1% that lesser-performing underlying component declines beyond 20%
|
| Call: | At par if each underlying component closes at or above initial level on any quarterly review date other than the final one
|
| Initial levels: | 1,212.320 for index and $57.82 for ETF (closing levels on Sept. 13)
|
| Pricing date: | Sept. 14
|
| Settlement date: | Sept. 19
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.15%
|
| Cusip: | 46646EB68
|
© 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.
