New York, June 5 – JPMorgan Chase Financial Co. LLC priced $500,000 of autocallable contingent interest notes due May 29, 2026 linked to the common stock of Marvell Technology, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 17.75%, 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 at par if the closing price of the underlying stock is greater than or equal to its strike price on any quarterly review date starting Nov. 27, 2023.
At maturity, the payout will be par unless the stock finishes 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
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Autocallable contingent interest notes
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Underlying stock: | Marvell Technology, Inc. (Ticker: MRVL)
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Amount: | $500,000
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Maturity: | May 29, 2026
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Coupon: | 17.75%, paid quarterly, if the underlying stock closes at or above its 60% coupon barrier on the related quarterly observation date
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Price: | Par
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Payout at maturity: | Par unless the stock finishes below its trigger level, in which case investors will be fully exposed to the decline in the stock
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Call: | Automatically at par if the closing price of the underlying stock is greater than or equal to its strike price on any quarterly review date starting Nov. 27, 2023
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Initial level: | $65.51
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Trigger level: | $32.755, 50% of initial level
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Coupon barrier: | $39.306, 60% of initial level
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Strike date: | May 26
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Pricing date: | May 30
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Settlement date: | June 2
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.6%
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Cusip: | 48133XEE2
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