New York, Feb. 15 – JPMorgan Chase Financial Co. LLC priced $1.38 million of autocallable contingent interest notes due Feb. 26, 2025 linked to the class A common stock of Meta Platforms, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 13.48%, paid quarterly, if the stock closes at or above its 80% trigger level on the related valuation date, plus any previously unpaid coupons.
The securities will be called automatically at par if the closing price of the underlying stock is greater than or equal to its initial price on any quarterly review date.
At maturity, the payout will be par unless the stock declines by more than 20%, in which case investors will lose 1.25% for every 1% that the stock declines beyond 20%.
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: | Meta Platforms, Inc. (Ticker: META)
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Amount: | $1.38 million
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Maturity: | Feb. 26, 2025
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Coupon: | 13.48%, paid quarterly, if the stock closes at or above its 80% trigger level on the related valuation date, plus any previously unpaid coupons
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Price: | Par
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Payout at maturity: | Par unless the stock declines by more than 20%, in which case investors will lose 1.25% for every 1% that the stock declines beyond 20%
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Call: | Automatically at par if the closing price of the underlying stock is greater than or equal to its initial price on any quarterly review date
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Initial level: | $468.11
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Trigger level: | $374.488, 80% of initial level
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Buffer: | 20%
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Downside leverage: | 125%
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Pricing date: | Feb. 9
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Settlement date: | Feb. 14
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48134WDX2
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