By Taylor Fox
New York, Dec. 10 – JPMorgan Chase Financial Co. LLC priced $500,000 of autocallable contingent interest notes due Sept. 9, 2022 linked to the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes pay a contingent monthly interest payment at a rate of 10.45% if the fund closes above its coupon barrier, 70% of its initial price, on the relevant review date.
If the fund closes above its initial level on any monthly review date after six months, the notes will be automatically called at par plus the contingent interest payment.
The payout at maturity will be par plus any contingent interest payment due if the final level of the fund closes above its initial level or never closes below its trigger level, 60% of its initial price.
Otherwise, investor will be fully exposed to the decline of the fund at maturity.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Autocallable contingent interest notes
|
Underlying fund: | VanEck Vectors Gold Miners ETF
|
Amount: | $500,000
|
Maturity: | Sept. 9, 2022
|
Coupon: | 10.45%, payable monthly if fund closes at or above coupon barrier on review date for that period
|
Price: | Par
|
Payout at maturity: | Par plus any interest payment if fund finishes above initial level or the fund never closed below 60% of its initial level during the life of the notes, in which case full exposure to losses of fund
|
Call: | At par plus interest payment if fund finishes above initial level on any monthly review date starting after six months
|
Initial price: | $35.31
|
Coupon barrier: | $24.717, 70% of initial price
|
Trigger value: | $21.186, 60% of initial price
|
Pricing date: | Dec. 4
|
Settlement date: | Dec. 9
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 0.725%
|
Cusip: | 48132PG73
|
|
© 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.