By Wendy Van Sickle
Columbus, Ohio, Oct. 9 – JPMorgan Chase Financial Co. LLC priced $1 million of 9% yield notes with contingent digital payment due Dec. 31, 2018 linked to the common stock of Weight Watchers International, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Interest is payable monthly.
The payout at maturity will be par plus 1% unless the shares finish below the $72.03 strike value, in which case investors will receive par unless the shares have closed below the 66.4584% trigger level on any day during the life of the notes. If the shares have closed below the trigger level on any day and finish below their strike value, 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: | Yield notes with contingent digital payment
|
| Underlying stock: | Weight Watchers International, Inc.
|
| Amount: | $1 million
|
| Maturity: | Dec. 31, 2018
|
| Coupon: | 9%, payable monthly; equivalent to a rate of 2.25% over the term of the notes
|
| Price: | Par
|
| Payout at maturity: | Par plus 1% digital return unless stock finishes below its strike value, in which case par if stock has never closed below trigger and full exposure to any losses otherwise
|
| Strike value: | $72.03
|
| Trigger value: | $47.87; 66.4584% of the strike value
|
| Pricing date: | Sept. 26
|
| Settlement date: | Oct. 1
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.3%
|
| Cusip: | 48130UPA7
|
|
|
© 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.
