By Wendy Van Sickle
Columbus, Ohio, Sept. 26 – JPMorgan Chase Financial Co. LLC priced $600,000 of 0% step-up autocallable notes due Sept. 28, 2023 linked to the S&P Economic Cycle Factor Rotator index, according to a 424B2 with the Securities and Exchange Commission.610
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be called at par plus an annualized call premium of 8.5% if the index closes at or above its call level on any annual review date other than the final date. The call level will be 102% of the initial level on the first review date, stepping up by 200 basis points on each subsequent review date to a final level of 108% of the initial level on the fourth review date.
The payout at maturity will be par plus any index gain. If the index falls, the payout will be par.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Step-up autocallable notes
|
| Underlying index: | S&P Economic Cycle Factor Rotator index
|
| Amount: | $610,000
|
| Maturity: | Sept. 28, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; if index falls, par
|
| Call: | At par plus a premium of 8.5% per year if index closes at or above call level on an annual review date; call level is 102% of initial level on first review date and increases by 200 bps each year to a final level of 108% of initial level on last review date
|
| Initial level: | 407.95
|
| Pricing date: | Sept. 24
|
| Settlement date: | Sept. 27
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.9%
|
| Cusip: | 48130UMA0
|
|
|
© 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.
