Chicago, Jan. 31 – JPMorgan Chase Financial Co LLC priced $1.3 million of 0% digital notes due Jan. 23, 2025, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are linked to the one-year U.S. dollar SOFR ICE swap rate.
If the rate finishes above its initial level or declines by less than 46.05%, investors will receive par plus 15% at maturity.
Otherwise, investors will lose 1.85357% for each 1% decline in the rate beyond the 46.05% buffer.
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: | Digital notes
|
| Amount: | $1.3 million
|
| Underlying rate: | One-year U.S. dollar SOFR ICE swap rate
|
| Maturity: | Jan. 23, 2025
|
| Price: | Par
|
| Coupon: | 0%
|
| Payout at maturity: | Par plus 15% if rate increases from initial level or declines not more than 46.05%; otherwise, 1.85357% loss for each 1% decline beyond 46.05% buffer
|
| Initial level: | 4.85%
|
| Buffer level: | 53.95% of initial level
|
| Buffer: | 46.05%
|
| Strike date: | Jan. 5
|
| Pricing date: | Jan. 8
|
| Settlement date: | Jan. 11
|
| Underwriter: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48133WZ92
|
|
|
© 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.
