By Sarah Lizee
Olympia, Wash., Jan. 13 – JPMorgan Chase Financial Co. LLC priced $18.16 million of 0% review notes due Jan. 28, 2021 linked to a futures contract for Brent crude oil, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus a call premium of 13.3% per year if the contract price is greater than or equal to the call threshold level, which will be 100% of the initial contract price on the first three review dates and 70% of the initial contract price on the fourth review date.
If the notes are not called, the payout will be par plus the contract return with full exposure to the decline.
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: | Review notes
|
| Underlying commodity: | Futures contract for Brent crude oil
|
| Amount: | $18.16 million
|
| Maturity: | Jan. 28, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus the contract return with full exposure to the decline
|
| Call: | At par plus a call premium of 13.3% per year if the contract price is greater than or equal to the call threshold level, which will be 100% of the initial contract price on the first three review dates and 70% of the initial contract price on the fourth review date
|
| Initial oil price: | $65.37
|
| Final oil price: | Average of contract prices on five trading days ending Jan. 22, 2021
|
| Pricing date: | Jan. 9
|
| Settlement date: | Jan. 14
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48130UTC9
|
|
|
© 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.
