New York, April 15 – JPMorgan Chase Financial Co. LLC priced $2.04 million of 0% autocallable accelerated barrier notes due April 1, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at a premium of 9% if the index closes at or above its initial value on April 7, 2025.
If the index gains, the payout at maturity will be par plus 105% of the index return.
Investors will receive par if the index declines but ends at or above its 80% barrier and will lose 1% for every 1% that the index declines if it finishes below the barrier 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 accelerated barrier notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $2.04 million
|
| Maturity: | April 1, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above its initial value, par plus 105% of index return; if index declines but finishes at or above its downside threshold level, par; otherwise, 1% loss for every 1% that index declines from initial level
|
| Call: | Automatically at a premium of 9% if the index closes at or above its initial value on April 7, 2025
|
| Initial level: | 5,254.35
|
| Upside leverage: | 105%
|
| Downside threshold: | 4,203.48, 80% of initial level
|
| Pricing date: | March 28
|
| Settlement date: | April 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3.25%
|
| Cusip: | 48134XJX4
|
|
|
|
|
© 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.
