New York, July 28 – JPMorgan Chase Financial Co. LLC priced $493,000 of autocallable contingent interest notes due Jan. 24, 2025 linked to the common stock of Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a contingent coupon of 16.4%, paid monthly, if the stock closes at or above its 60% trigger level on the related valuation date.
The securities will be called automatically at par if the stock closes at or above its initial level on any monthly review date starting Jan. 22, 2024.
At maturity, the payout will be par unless the stock finishes below its 60% 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: | Tesla, Inc. (Ticker: TSLA)
|
| Amount: | $493,000
|
| Maturity: | Jan. 24, 2025
|
| Coupon: | 16.4%, paid monthly, if the stock closes at or above its 60% trigger level on the related valuation 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 stock closes at or above its initial level on any monthly review date starting Jan. 22, 2024
|
| Initial level: | $260.02
|
| Trigger level: | $156.012, 60% of initial level
|
| Pricing date: | July 21
|
| Settlement date: | July 26
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.35%
|
| Cusip: | 48133YEK6
|
|
|
|
|
© 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.
