Chicago, Jan. 30 – JPMorgan Chase Financial Co. LLC priced $500,000 of autocallable contingent interest notes due Jan. 14, 2027 linked to the common stock of Rivian Automotive, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 30%, paid quarterly, if the underlying stock closes at or above its 60% coupon barrier on the related quarterly observation date.
The securities will be called automatically starting July 9, 2024 at par if the price of the underlying stock is greater than or equal to its strike price and on any subsequent quarterly review date.
At maturity the payout will be par unless the stock closes below its 50% trigger level in which case investors will be fully exposed to the decline of the stock.
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 contingent interest notes
|
| Underlying stock: | Rivian Automotive, Inc. (Ticker: RIVN)
|
| Amount: | $500,000
|
| Maturity: | Jan. 14, 2027
|
| Coupon: | 30% annual rate, paid quarterly, if the underlying stock closes at or above its 60% coupon barrier on the related quarterly observation date
|
| Price: | Par
|
| Payout at maturity: | Par unless the stock closes below its trigger level in which case investors will be fully exposed to the decline in the stock
|
| Call: | Automatically starting July 9, 2024 at par if the price of the underlying stock is greater than or equal to its strike price and on any subsequent quarterly review date
|
| Initial level: | $19.25
|
| Coupon barrier: | $11.55, 60% of initial level
|
| Trigger level: | $9.625, 50% of initial level
|
| Strike date: | Jan. 9
|
| Pricing date: | Jan. 10
|
| Settlement date: | Jan. 16
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.6%
|
| Cusip: | 48134TTQ7
|
|
|
© 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.
