By Emma Trincal
New York, June 9 – JPMorgan Chase Financial Co. LLC priced $4.75 million of 0% trigger in-digital notes due Sept. 19, 2024 linked to a WTI crude oil futures contract, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the price of crude finishes at or above its 60% barrier, the payout at maturity will be par plus the digital return of 19%.
Otherwise, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC and UBS Financial Services Inc. are the agents.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Trigger in-digital notes
|
Underlying asset: | WTI crude oil futures contract
|
Amount: | $4.75 million
|
Maturity: | Sept. 19, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If crude oil gains or falls by not more than 40%, par plus 19%; if crude falls by more than 40%, 1% loss per 1% decline
|
Initial contract price: | $71.74
|
Threshold level: | $43.04, 60% of initial level
|
Pricing date: | June 5
|
Settlement date: | June 8
|
Agent: | J.P. Morgan Securities LLC and UBS Financial Services Inc.
|
Fees: | 1%
|
Cusip: | 48130Y636
|
|
© 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.