New York, July 31 – JPMorgan Chase Financial Co. LLC priced $1.87 million of autocallable yield notes due July 17, 2026 linked to the SPDR Gold Trust, VanEck Gold Miners ETF and iShares Silver Trust, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at par if the closing price of each underlying fund is greater than or equal to its initial price on any monthly review date starting Jan. 16, 2024.
Investors will receive a coupon of 10%, paid monthly.
If the worst performing ETF ends at or above its 60% downside threshold, the payout at maturity will be par plus the coupon.
Otherwise, investors will lose 1% for every 1% that the worst performing ETF declines from 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: | Autocallable yield notes
|
| Underlying ETFs: | SPDR Gold Trust, VanEck Gold Miners ETF and iShares Silver Trust
|
| Amount: | $1,872,000
|
| Maturity: | July 17, 2026
|
| Coupon: | 10%, paid monthly
|
| Price: | Par
|
| Payout at maturity: | If worst performing ETF finishes at or above its downside threshold level, par; otherwise, 1% loss for every 1% that worst performing ETF declines from initial level
|
| Call: | Automatically at par if the closing price of each underlying fund is greater than or equal to its initial price on any monthly review date starting Jan. 16, 2024
|
| Initial levels: | $181.43 for SPDR Gold Trust, $31.96 for VanEck Gold Miners ETF, $22.86 for iShares Silver Trust
|
| Downside thresholds: | $108.858 for SPDR Gold Trust, $19.176 for VanEck Gold Miners ETF, $13.716 for iShares Silver Trust, 60% of initial level
|
| Pricing date: | July 14
|
| Settlement date: | July 19
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.75%
|
| Cusip: | 48133XT71
|
|
|
|
|
© 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.
