By Susanna Moon
Chicago, Oct. 17 – JPMorgan Chase Financial Co. LLC priced $2.6 million of step-up autocallable notes due Sept. 30, 2025 linked to the S&P Economic Cycle Factor Rotator index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 8.85% if the index closes at or above its call level on any review date other than the final date. The call level will be 102.6% of the initial level on the first call review date, stepping up by 260 basis points on each subsequent annual review date to 115.6% on the final valuation date.
The payout at maturity will be par plus any index gain.
If the index falls, the payout will be par.
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: | Step-up autocallable notes
|
| Underlying index: | S&P Economic Cycle Factor Rotator
|
| Amount: | $2.6 million
|
| Maturity: | Sept. 30, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | At par plus 8.85% per year if index closes at or above call level on any review date other than the final date beginning Sept. 25, 2019; call level will be 102.6% of initial level on first review date, stepping up by 260 bps on each subsequent annual review date to 115.6% on Sept. 25, 2024
|
| Payout at maturity: | Par plus any index gain, floor of par
|
| Initial level: | 406.196
|
| Pricing date: | Sept. 25
|
| Settlement date: | Sept. 28
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 4.05796%
|
| Cusip: | 48130UHF5
|
|
|
|
|
© 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.
