New York, June 7 – JPMorgan Chase Financial Co. LLC priced $3.09 million of autocallable contingent interest notes due March 5, 2024 linked to the common stocks of Exxon Mobil Corp., Microsoft Corp. and Pfizer Inc., according to a 424B8 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 16.449%, paid monthly, if each underlying stock closes at or above its 70% trigger level on the related monthly observation date.
The securities will be called automatically at par if the closing price of each underlying stock is greater than or equal to its initial price on any monthly review date starting Aug. 30.
At maturity, the payout will be par unless the worst performing stock finishes below its 70% trigger level, in which case investors will be fully exposed to the decline of the worst performing stock.
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 stocks: | Exxon Mobil Corp., Microsoft Corp. and Pfizer Inc.
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Amount: | $3,088,000
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Maturity: | March 5, 2024
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Coupon: | 16.449%, paid monthly, if each underlying stock closes at or above its 70% trigger level on the related monthly observation date
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Price: | Par
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Payout at maturity: | Par unless the worst performing stock finishes below its trigger level, in which case investors will be fully exposed to the decline in the worst performing stock
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Call: | Automatically at par if the closing price of each underlying stock is greater than or equal to its initial price on any monthly review date starting Aug. 30
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Initial levels: | $104.04 for Exxon Mobil Corp., $331.21 for Microsoft Corp., $37.01 for Pfizer Inc.
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Trigger levels: | $72.828 for Exxon Mobil Corp., $231.847 for Microsoft Corp., $25.907 for Pfizer Inc., 70% of initial level
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Pricing date: | May 30
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Settlement date: | June 2
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.6%
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Cusip: | 48133XAN6
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