By William Gullotti
Buffalo, N.Y., June 30 – JPMorgan Chase Financial Co. LLC priced $1.54 million of 0% autocallable buffered return enhanced notes due June 28, 2023 linked to the SPDR S&P Bank ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus 11% if the ETF closes at or above its initial level on July 8, 2022.
If the ETF finishes at or above its initial level, the payout at maturity will be par plus double the gain of the ETF.
Investors will receive par if the ETF falls by up to 20%.
Otherwise, investors will lose 1% for each 1% decline of the ETF from its 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 buffered return enhanced notes
|
| Underlying ETF: | SPDR S&P Bank ETF
|
| Amount: | $1.54 million
|
| Maturity: | June 28, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF finishes at or above initial level, par plus two times gain; par if ETF falls by up to 20%; otherwise, 1% loss for each 1% decline from initial level
|
| Call: | Automatically at par plus 11% if ETF closes at or above initial level on July 8, 2022
|
| Initial level: | $52.86
|
| Buffer level: | 80% of initial level
|
| Pricing date: | June 25
|
| Settlement date: | June 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 48132USM6
|
|
|
© 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.
