By Wendy Van Sickle
Columbus, Ohio, March 21 – JPMorgan Chase Financial Co. LLC priced $14.76 million of 9.64% trigger callable yield notes due June 21, 2024 linked to the S&P 500 index, 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 are callable at par on any coupon payment date after three months.
The payout at maturity will be par of $10 unless the index finishes below its 65% downside threshold level, in which case investors will lose 1% for each 1% decline of the index.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Trigger callable yield notes
|
| Underlying index: | S&P 500
|
| Amount: | $14,760,450
|
| Maturity: | June 21, 2024
|
| Coupon: | 9.64% per year, payable monthly
|
| Price: | Par of $10
|
| Payout at maturity: | Par unless index finishes below downside threshold, in which case 1% loss for each 1% decline of index
|
| Call option: | At par on any coupon date starting after three months
|
| Initial level: | 3,891.93
|
| Downside threshold: | 2,529.75; 65% of initial level
|
| Pricing date: | March 15
|
| Settlement date: | March 20
|
| Underwriter: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 0%
|
| Cusip: | 48133K369
|
|
|
© 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.
