JPMorgan Chase Launches Auto Callable Notes Linked to Broadcom Inc.
JPMorgan Chase Financial Company LLC has introduced Auto Callable Contingent Interest Notes Linked to the common stock of Broadcom Inc. These notes are fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes have a principal amount of $1,000 and a minimum denomination of $1,000 and integral multiples thereof. The pricing supplement states that investors should be willing to accept the risk of losing a significant portion or all of their principal and the risk that no Contingent Interest Payment may be made with respect to some or all Review Dates.
The notes are designed for investors who seek a Contingent Interest Payment with respect to each Review Date for which the closing price of one share of Broadcom Inc. is greater than or equal to 50.00% of the Initial Value, which we refer to as the Interest Barrier. The Contingent Interest Rate is 14.00% per annum, payable at a rate of 3.50% per quarter.