By Marisa Wong
Morgantown, W.Va., Feb. 7 – JPMorgan Chase Financial Co. LLC priced $1.15 million of autocallable contingent interest notes due Feb. 4, 2021 linked to the S&P GSCI Crude Oil Index Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
The notes will pay a contingent coupon at an annual rate of 7.25% on a quarter if the index closes at or above its coupon barrier level, 65% of its initial level, on the review date for that quarter.
The notes will be called at par plus the contingent coupon if the index closes at or above its initial level on any review date other than the first and final dates.
The payout at maturity will be par unless the index finishes below its 65% trigger level, in which case investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent interest notes
|
| Underlying index: | S&P GSCI Crude Oil Index Excess Return
|
| Amount: | $1,145,000
|
| Maturity: | Feb. 4, 2021
|
| Coupon: | 7.25% per year, payable on a quarter if the index closes at or above its barrier level on the review date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par unless the index finishes below its trigger level, in which case investors will be fully exposed to any losses
|
| Call: | At par plus the contingent coupon if the index closes at or above its initial level on any review date other than the first and final dates
|
| Initial level: | 166.3090
|
| Barrier/trigger level: | 108.10085, 65% of initial level
|
| Pricing date: | Jan. 30
|
| Settlement date: | Feb. 2
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3.25%
|
| Cusip: | 46646QWF8
|
|
|
© 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.
