By Wendy Van Sickle
Columbus, Ohio, Jan. 17 – JPMorgan Chase Financial Co. LLC priced $22.29 million of trigger autocallable contingent yield notes due Jan. 15, 2026 linked to the least performing of the Energy Select Sector SPDR fund and the SPDR Dow Jones industrial average ETF trust, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at the rate of 11.05% per year if the worst performer closes at or above its 60% coupon barrier on the related observation date.
The notes will be automatically called at par plus coupon if the worst performer closes at or above its level on any quarterly observation date after six months.
If the notes are not called, the payout at maturity will be par plus the final coupon, if any, if the worst performer finishes at or above the 60% downside threshold. Otherwise, investors will lose 1% for every 1% decline of the worst performer from its initial level.
The notes are guaranteed by JPMorgan Chase & Co.
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 autocallable contingent yield notes
|
| Underlying ETFs: | Energy Select Sector SPDR fund and SPDR Dow Jones industrial average ETF trust
|
| Amount: | $22,288,310
|
| Maturity: | Jan. 15, 2026
|
| Coupon: | 11.05% per year, paid monthly, if each ETF closes at or above its coupon barrier on any related observation date
|
| Price: | Par
|
| Payout at maturity: | Par plus final coupon, if any, if final level of the worst performer is greater than or equal to downside threshold; otherwise, full exposure to losses of worst performer
|
| Call: | Automatically at par plus coupon if the worst performer closes at or above its initial level on any quarterly observation date after six months
|
| Initial levels: | $88.14 for Energy Select, $339.76 for SPDR Dow
|
| Coupon barrier levels: | $52.88 for Energy Select, $203.86 for SPDR Dow; 60% of initial levels
|
| Downside thresholds: | $52.88 for Energy Select, $203.86 for SPDR Dow; 60% of initial levels
|
| Pricing date: | Jan. 11
|
| Settlement date: | Jan. 17
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48133K856
|
|
|
© 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.
