New York, April 10 – JPMorgan Chase Financial Co. LLC priced $2.07 million of autocallable contingent interest notes due March 29, 2029 linked to the MerQube US Tech+ Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.25%, paid monthly, if the underlying index closes at or above its 80% coupon barrier on the related monthly observation date, plus any previously unpaid coupons.
The securities will be called automatically at par if the closing level of the index is greater than or equal to its initial level on any monthly review date starting March 25, 2025.
At maturity, the payout will be par unless the index declines by more than 30%, in which case investors will lose 1% for each 1% that the index declines beyond 30%.
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 index: | MerQube US Tech+ Vol Advantage index
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Amount: | $2,071,000
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Maturity: | March 29, 2029
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Coupon: | 9.25%, paid monthly, if the underlying index closes at or above its 80% coupon barrier on the related monthly observation date, plus any previously unpaid coupons
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Price: | Par
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Payout at maturity: | Par unless the index declines by more than 30%, in which case investors will lose 1% for each 1% that the index declines beyond 30%
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Call: | Automatically at par if the closing level of the index is greater than or equal to its initial level on any monthly review date starting March 25, 2025
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Initial level: | 10,657.46
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Coupon barrier: | 8,525.968, 80% of initial level
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Buffer: | 30%
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Pricing date: | March 25
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Settlement date: | March 28
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Agent: | J.P. Morgan Securities LLC
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Fees: | 3.76883%
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Cusip: | 48134WYU5
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