Chicago, March 19 – JPMorgan Chase Financial Co. LLC priced $906,000 of autocallable contingent interest notes due March 6, 2029 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 17%, paid monthly, if the index closes at or above its 70% interest barrier level on the related valuation date.
The securities will be called automatically at par if the index closes at or above its initial level on any monthly review date starting after six months.
At maturity, the payout will be par unless the index finishes below its 50% 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: | $906,000
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Maturity: | March 6, 2029
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Coupon: | 17%, paid monthly, if the index closes at or above its 70% interest barrier level on the related valuation date
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Price: | Par
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Payout at maturity: | Par unless the index finishes below its trigger level, in which case investors will be fully exposed to the decline in the index
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Call: | Automatically at par if the index closes at or above its initial level on any monthly review date starting after six months
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Initial level: | 3,451.62
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Interest barrier level: | 2,416.134, 70% of initial level
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Trigger level: | 1,879.2015, 55% of initial level
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Pricing date: | March 1
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Settlement date: | March 6
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.9%
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Cusip: | 48134WSF5
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