By Wendy Van Sickle
Columbus, Ohio, Oct. 6 – JPMorgan Chase Financial Co. LLC priced $1.99 million of autocallable yield notes due Jan. 4, 2019 linked to the worst performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
The interest rate will be 7% per year, and interest will be payable monthly.
The notes will be called at par if each index closes at or above its initial level on any quarterly call observation date other than the final one.
The payout at maturity will be par unless either index closes below its trigger level, 70% of its initial level, on any day during the life of the notes and the return of the least-performing index is negative, in which case investors will lose 1% for every 1% that the least-performing index finishes below its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable yield notes
|
| Underlying indexes: | Euro Stoxx 50 and Russell 2000
|
| Amount: | $1.99 million
|
| Maturity: | Jan. 4, 2019
|
| Coupon: | 7%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless either index closes below trigger level during the life of the notes and return of least-performing index is negative, in which case 1% loss for every 1% decline of worse performing index
|
| Call: | At par if each index closes at or above the initial level on any quarterly observation date other than the final one
|
| Initial levels: | 3,594.85 for Stoxx, 1,490.861 for Russell
|
| Trigger levels: | 2,516.395 for Stoxx, 1,043.6027 for Russell; 70% of initial levels
|
| Pricing date: | Sept. 29
|
| Settlement date: | Oct. 4
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.25%
|
| Cusip: | 46647M4F7
|
|
|
© 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.
