By Kiku Steinfeld
Chicago, Oct. 8 – JPMorgan Chase Financial Co. LLC priced $1.05 million of autocallable contingent interest notes due Sept. 27, 2024 to the common stock of Roku, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes pay a quarterly contingent interest payment at an annual rate of 13% if the stock closes at or above its 65% coupon barrier level on the relevant review date.
If the stock closes at or above 95% of its initial level on any quarterly review date other than the first and final ones, the notes will be automatically called at par plus the contingent interest payment.
The payout at maturity will be par plus the final contingent interest payment if the stock finishes at or above its trigger price, 65% of its initial price.
Otherwise, investors will be fully exposed to the decline of the stock.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent interest notes
|
| Underlying stock: | Roku, Inc.
|
| Amount: | $1.05 million
|
| Maturity: | Sept. 27, 2024
|
| Coupon: | 13% annual rate, payable quarterly if stock closes at or above coupon barrier on review date for that period
|
| Price: | Par
|
| Payout at maturity: | Par plus interest payment if stock finishes above trigger price; otherwise, full exposure to losses of stock
|
| Call: | Automatically at par if stock closes at or above call value, 95% of initial share price, on any quarterly review date other than first and final ones
|
| Initial price: | $321.89
|
| Coupon barrier level: | $209.2285; 65% of initial price
|
| Trigger level: | $209.2285; 65% of initial price
|
| Pricing date: | Sept. 24
|
| Settlement date: | Sept. 29
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.75%
|
| Cusip: | 48132WYM5
|
|
|
|
|
© 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.
