By Wendy Van Sickle
Columbus, Ohio, May 18 – JPMorgan Chase Financial Co. LLC priced $1 million of 9% yield notes due July 30, 2021 linked to the ordinary shares of Ichor Holdings, Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Interest is payable monthly.
The payout at maturity will be par unless Ichor shares close below the trigger value, 61.66081% of the strike value, during the life of the notes and finish below the strike value, in which case investors will be fully exposed to the stock’s decline.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Yield notes
|
| Underlying stock: | Ichor Holdings, Ltd.
|
| Amount: | $1 million
|
| Maturity: | July 30, 2021
|
| Coupon: | 9% annualized, payable monthly; equivalent to a rate of 2.25% over the term of the notes
|
| Price: | Par
|
| Payout at maturity: | Par unless Ichor shares close below trigger value during life of notes and finish below strike value, in which case full exposure to stock’s decline
|
| Strike value: | $59.73
|
| Trigger value: | $36.83; 61.66081% of the strike value
|
| Pricing date: | April 27
|
| Settlement date: | April 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.9%
|
| Cusip: | 48132T3H7
|
© 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.
