By Kiku Steinfeld
Chicago, Aug. 2 – JPMorgan Chase Financial Co. LLC priced $750,000 of autocallable contingent interest notes due July 11, 2024 linked to the common stocks of Microsoft Corp. and Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.35%, paid monthly, if the lesser performing stock closes at or above 70% of its initial level on the related monthly observation date.
The securities will be called automatically at par starting July 6, 2022 and on any subsequent monthly review date if the lesser performing stock closes at or above its initial level.
At maturity the payout will be par unless the lesser performing stock closes below its 65% trigger level, in which case investors will be fully exposed to the decline of the lesser performing stock.
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 stocks: | Microsoft Corp. and Walt Disney Co.
|
| Amount: | $750,000
|
| Maturity: | July 11, 2024
|
| Coupon: | 10.35%, paid monthly, if lesser performing stock closes at or above its coupon barrier on the related monthly observation date
|
| Price: | Par
|
| Payout at maturity: | Par unless the lesser performing stock closes below its trigger level, in which case investors will be fully exposed to the decline in the lesser performing stock
|
| Call: | Automatically at par starting July 6, 2022 and on any subsequent monthly review date if the lesser performing stock closes at or above its initial level
|
| Initial levels: | $313.88 for Microsoft, $156.90 for Disney
|
| Coupon barriers: | $219.716 for Microsoft, $109.83 for Disney, 70% of initial levels
|
| Trigger levels: | $204.022 for Microsoft, $101.985 for Disney, 65% of initial levels
|
| Pricing date: | Jan. 6
|
| Settlement date: | Jan. 11
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.75%
|
| Cusip: | 48133CA93
|
|
|
© 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.
