New York, May 25 – JPMorgan Chase Financial Co. LLC priced $2.01 million of autocallable contingent interest notes due May 22, 2025 linked to the common stock of Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10%, paid quarterly, if the underlying stock closes at or above its 57.5% trigger level on the related quarterly observation date.
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 starting Nov. 20, 2023.
At maturity, the payout will be par unless the stock finishes below its 57.5% trigger level, in which case investors will be fully exposed to the decline of the 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 stock: | Walt Disney Co. (Ticker: DIS)
|
Amount: | $2,006,000
|
Maturity: | May 22, 2025
|
Coupon: | 10%, paid quarterly, if the underlying stock closes at or above its 57.5% trigger level on the related quarterly observation date
|
Price: | Par
|
Payout at maturity: | Par unless the stock finishes below its trigger level, in which case investors will be fully exposed to the decline in the stock
|
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 starting Nov. 20, 2023
|
Initial level: | $91.35
|
Trigger level: | $52.52625, 57.5% of initial level
|
Pricing date: | May 19
|
Settlement date: | May 24
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 1.75%
|
Cusip: | 48133WSA7
|
|
© 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.