JPMorgan Chase & Co. Issues Auto Callable Yield Notes Linked to Advanced Micro Devices
JPMorgan Chase & Co. has issued Auto Callable Yield Notes Linked to the Common Stock of Advanced Micro Devices, Inc.
The notes have a principal amount of $1,000 and pay an interest rate of 13.00% per annum, payable at a rate of 3.25% per quarter.
If the closing price of one share of Advanced Micro Devices' stock on any Review Date (other than the final Review Date) is greater than or equal to the Initial Value, the notes will be automatically called for a cash payment.
The notes have a maturity date of August 30, 2029 and are fully and unconditionally guaranteed by JPMorgan Chase & Co.