By Kiku Steinfeld
Chicago, Aug. 4 – JPMorgan Chase Financial Co. LLC priced $253,000 of autocallable contingent interest notes due July 12, 2023 linked to the VanEck Vectors Gold Miners ETF and Global X Silver Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.35%, paid quarterly, if each underlying fund closes at or above its 70% trigger level on the related quarterly observation date.
The securities will be called at par starting April 7, 2022 and on any subsequent quarterly review date if each fund closes at or above its initial level.
At maturity the payout will be par unless the worst performing ETF closes below its 70% trigger level, in which case investors will be fully exposed to the decline of the worst performing ETF.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Autocallable contingent interest notes
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Underlying ETFs: | VanEck Vectors Gold Miners ETF and Global X Silver Miners ETF
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Amount: | $253,000
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Maturity: | July 12, 2023
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Coupon: | 10.35%, paid quarterly, if each underlying fund closes at or above its 70% trigger level on the related quarterly observation date
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Price: | Par
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Payout at maturity: | Par unless the worst performing ETF closes below its trigger level, in which case investors will be fully exposed to the decline in the worst performing ETF
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Call: | Automatically at par starting April 7, 2022 and on any subsequent quarterly review date if each fund closes at or above its initial level
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Initial levels: | $33.98 for silver, $30.01 for gold
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Trigger levels: | $23.786 for silver, $21.007 for gold, 70% of initial levels
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Pricing date: | Jan. 7
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Settlement date: | Jan. 12
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.4%
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Cusip: | 48133CNG3
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