New York, March 5 – JPMorgan Chase Financial Co. LLC priced $1.1 million of autocallable contingent interest notes due Feb. 20, 2025 linked to the common stock of Oracle Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11.62%, paid quarterly, if the stock closes at or above its 85% trigger level on the related valuation date, plus any previously unpaid coupons.
The securities will be called automatically at par if the closing price of the underlying stock is greater than or equal to its initial price on any quarterly review date.
At maturity, the payout will be par unless the stock declines by more than 15%, in which case investors will lose 1.17647% for each 1% decline beyond 15%.
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 stock: | Oracle Corp. (Ticker: ORCL)
|
Amount: | $1,102,000
|
Maturity: | Feb. 20, 2025
|
Coupon: | 11.62%, paid quarterly, if the stock closes at or above its 85% trigger level on the related valuation date, plus any previously unpaid coupons
|
Price: | Par
|
Payout at maturity: | Par unless the stock declines by more than 15%, in which case investors will lose 1.17647% for each 1% decline beyond 15%
|
Call: | Automatically at par if the closing price of the underlying stock is greater than or equal to its initial price on any quarterly review date
|
Initial level: | $115.79
|
Trigger level: | $98.4215, 85% of initial level
|
Downside leverage: | 117.647%
|
Pricing date: | Feb. 2
|
Settlement date: | Feb. 7
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 1%
|
Cusip: | 48134T5Q3
|
|
© 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.