By Devika Patel
Knoxville, Tenn., Sept. 30 – JPMorgan Chase Financial Co. LLC priced $5.25 million of trigger callable contingent yield notes due Aug. 6, 2018 with daily coupon observation linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes pay a contingent quarterly coupon at an annual rate of 8% if the fund closes at or above its coupon barrier, 75% of its initial level, on each day during the observation period for that quarter.
The notes are callable at par on any quarterly observation date other than the final date.
The payout at maturity will be par unless the fund finishes below its 75% downside threshold level, in which case investors will lose 1% for each 1% decline.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Trigger callable contingent yield notes with daily coupon observation
|
| Underlying ETF: | iShares MSCI EAFE
|
| Amount: | $5.25 million
|
| Maturity: | Aug. 6, 2018
|
| Coupon: | 8%, payable quarterly if the fund closes at or above 75% coupon barrier on each day during the observation period for that quarter
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par unless the fund finishes below downside threshold, in which case 1% loss for each 1% decline
|
| Call option: | At par on any quarterly observation date other than final date
|
| Initial level: | $59.41
|
| Barrier/threshold: | $44.56; 75% of initial level
|
| Pricing date: | Sept. 28
|
| Settlement date: | Oct. 5
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 46646X183
|
© 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.
