By Susanna Moon
Chicago, Dec. 12 – JPMorgan Chase Financial Co. LLC priced $4.48 million of 7.5% autocallable yield notes due Dec. 5, 2017 linked to the lesser performing of the Russell 2000 index and 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 will be called at par if each index closes at or above its initial level on any quarterly review date other than the final review date.
The payout at maturity will be par unless either index finishes below its initial level and either index ever closes below its 70% trigger level during the life of the notes, in which case investors will be fully exposed to any losses of the worse performing index.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable yield notes
|
| Underlying indexes: | Russell 2000 and S&P 500
|
| Amount: | $4,477,000
|
| Maturity: | Dec. 5, 2017
|
| Coupon: | 7.5%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless either index falls and either index ever closes below 70% trigger level, in which case full exposure to any losses of the worse performing index
|
| Call: | At par if each index closes at or above initial level on any quarterly review date other than final date
|
| Initial levels: | 2,198.81 for S&P 500 and 1,322.339 for Russell 2000
|
| Trigger levels: | 1,539.167 for S&P 500 and 925.6373 for Russell 2000; 70% of initial levels
|
| Pricing date: | Nov. 30
|
| Settlement date: | Dec. 5
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.6%
|
| Cusip: | 46646QDU6
|
|
|
|
|
© 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.
