Chicago, Sept. 6 – JPMorgan Chase Financial Co. LLC priced $1.1 million of autocallable contingent interest notes due Feb. 8, 2023 linked to the common stock of Eli Lilly and Co., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.55%, plus any previously unpaid coupons, if the stock closes above its 70% interest barrier level on any quarterly related observation date.
The securities will be called automatically at par starting May 6 and on any subsequent quarterly review date, if the stock closes above its initial level.
At maturity the payout will be par if the stock finishes above 70% of its initial level. Otherwise, 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
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Autocallable contingent interest notes
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Underlying stock: | Eli Lilly and Co.
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Amount: | $1,100,000
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Maturity: | Feb. 8, 2023
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Coupon: | 9.55% annual rate, payable quarterly if stock closes above interest barrier level on related observation date, plus any previously unpaid coupons
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Price: | Par
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Payout at maturity: | Par if the stock closes above its 70% trigger level, otherwise investors will be fully exposed to the decline in the stock
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Call: | Automatically at par starting May 6 and on any subsequent quarterly review date if stock closes above initial level
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Initial level: | $243.06
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Interest barrier level: | $170.142, 70% of initial level
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Trigger level: | $170.142, 70% of initial level
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Pricing date: | Jan. 21
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Settlement date: | Jan. 26
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48133CVM1
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