By William Gullotti
Buffalo, N.Y., June 16 – 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.
If the commodity finishes at or above its 60% downside threshold, the payout at maturity will be par plus 19%.
Otherwise, investors will lose 1% for every 1% that the commodity declines from its initial level.
The notes will be 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 in-digital notes
|
Underlying commodity: | WTI Crude Oil Futures Contract
|
Amount: | $4.75 million
|
Maturity: | Sept. 19, 2024
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | If the commodity finishes at or above its downside threshold, par plus 19%; otherwise, full exposure to decline from initial level
|
Initial level: | $71.74
|
Downside threshold: | $43.04; 60% of initial value
|
Strike date: | June 2
|
Pricing date: | June 5
|
Settlement date: | June 8
|
Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
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.