New York, June 20 – JPMorgan Chase Financial Co. LLC priced $6.73 million of autocallable contingent interest notes due June 18, 2026 linked to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11%, paid quarterly, if the underlying fund closes at or above its 70% trigger level on the related quarterly observation date.
The securities will be called automatically at par if the closing price of the underlying fund is greater than or equal to its initial price on any quarterly review date.
At maturity, the payout will be par unless the ETF finishes below its 70% trigger level, in which case investors will be fully exposed to the decline of the ETF.
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: | Autocallable contingent interest notes
|
| Underlying ETF: | Energy Select Sector SPDR Fund (Ticker: XLE)
|
| Amount: | $6,725,000
|
| Maturity: | June 18, 2026
|
| Coupon: | 11%, paid quarterly, if the underlying fund closes at or above its 70% trigger level on the related quarterly observation date
|
| Price: | Par
|
| Payout at maturity: | Par unless the ETF finishes below its trigger level, in which case investors will be fully exposed to the decline in the ETF
|
| Call: | Automatically at par if the closing price of the underlying fund is greater than or equal to its initial price on any quarterly review date
|
| Initial level: | $80.10
|
| Trigger level: | $56.07, 70% of initial level
|
| Pricing date: | June 14
|
| Settlement date: | June 20
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48133XSG2
|
|
|
|
|
|
|
© 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.
