Chicago, June 27 – JPMorgan Chase Financial Co. LLC priced $55,000 of autocallable contingent interest notes due June 4, 2026 linked to the MerQube US Large-Cap Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 14% if the index closes at or above its 60% interest barrier level on the related quarterly valuation date
The securities will be called automatically starting Nov. 30, 2023 and on any subsequent quarterly determination date if the index closes above its initial level.
At maturity the payout will be par unless the index closes below its 60% trigger level in which case investors will be fully exposed to the decline of the index.
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 Large-Cap Vol Advantage index
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Amount: | $55,000
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Maturity: | June 4, 2026
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Coupon: | 14% annual rate, if the index closes at or above its 60% interest barrier level on the related quarterly valuation date
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Price: | Par
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Payout at maturity: | Par unless the index closes below its trigger level in which case investors will be fully exposed to the decline in the index
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Call: | Automatically starting Nov. 30, 2023 and on any subsequent quarterly determination date if the index closes above its initial level
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Initial level: | 2,416.93
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Interest barrier level: | 1,450.158, 60% of initial level
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Trigger level: | 1,450.158, 60% of initial level
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Pricing date: | May 31
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Settlement date: | June 5
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.5%
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Cusip: | 48133WHT8
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