By Susanna Moon
Chicago, Oct. 26 – JPMorgan Chase Financial Co. LLC priced $1 million of autocallable notes due Oct. 19, 2023 linked to the lesser performing of the Euro Stoxx 50 index, the Russell 2000 index and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 18% if each underlying asset closes at or above its initial level on any review date other than the final date.
The payout at maturity will be par unless any asset finishes below its 65% trigger level, in which case investors will be fully exposed to any losses of the worse performing index or fund.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable notes
|
| Underlying assets: | Euro Stoxx 50 index, Russell 2000 index and iShares MSCI Emerging Markets ETF
|
| Amount: | $1 million
|
| Maturity: | Oct. 19, 2023
|
| Issue price: | Par
|
| Coupon: | 0%
|
| Call: | At par plus 18% per year if each asset closes at or above initial level on any review date other than final date
|
| Payout at maturity: | Par unless any asset falls by more than 35%, in which case 1.53846% loss per 1% decline of worse performing index or fund beyond 35%
|
| Initial levels: | 3,257.34 for Stoxx, 1,596.837 for Russell and $40.86 for fund
|
| Barrier levels: | 65% of initial levels
|
| Pricing date: | Oct. 16
|
| Settlement date: | Oct. 19
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48130UG41
|
|
|
|
|
© 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.
