By Wendy Van Sickle
Columbus, Ohio, Oct. 1 – JPMorgan Chase Financial Co. LLC priced $8.48 million of 0% autocallable contingent buffered equity notes due Sept. 22, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be called at par plus a 9.75% call premium if each index closes at or above its initial level on Oct. 1, 2021.
If the notes have not been called and the index finishes above its initial level, the payout at maturity will be par plus the gain of the index.
If the index falls but by no more than 30%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent buffered equity notes
|
| Underlying index: | S&P 500
|
| Amount: | $8,475,000
|
| Maturity: | Sept. 22, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes above its initial level, par plus gain of index; if index falls by up to 30%, par; otherwise, 1% loss for each 1% decline of index from initial level
|
| Call: | At par plus 9.75% call premium if index closes at or above initial level on Oct. 1, 2021
|
| Initial level: | 3,319.47
|
| Buffer amount: | 70% of initial level
|
| Pricing date: | Sept. 21
|
| Settlement date: | Sept. 24
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 48132PDY7
|
|
|
© 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.
