New York, Jan. 19 – JPMorgan Chase Financial Co. LLC priced $1.11 million of 0% review notes due Jan. 16, 2025 linked to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at par plus a premium of 18.8% per year if the ETF closes at or above its initial value on any quarterly determination date starting July 13, 2023.
If the ETF ends at or above its 70% downside threshold, the payout at maturity will be par.
Otherwise, investors will lose 1% for every 1% that the ETF declines from its initial level.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Review notes
|
| Underlying ETF: | Energy Select Sector SPDR Fund
|
| Amount: | $1,108,000
|
| Maturity: | Jan. 16, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF finishes at or above its downside threshold level, par; otherwise, 1% loss for every 1% that ETF declines from its initial level
|
| Call: | Automatically at par plus a premium of 18.8% per year if the ETF closes at or above its initial value on any quarterly determination date starting July 13, 2023
|
| Initial level: | $89.95
|
| Downside threshold: | $62.965, 70% of initial level
|
| Pricing date: | Jan. 13
|
| Settlement date: | Jan. 19
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.7%
|
|
|
| Cusip: | 48133TTU9
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
