JPMorgan Issues Auto Callable Notes Linked to Freeport-McMoRan Stock
JPMorgan Chase Financial Company LLC has issued Auto Callable Contingent Interest Notes Linked to the Common Stock of Freeport-McMoRan Inc.
The notes, with a total value of $1,974,000, will pay out a Contingent Interest Payment if the closing price of one share of FCX is greater than or equal to 56.75% of its Initial Value on any Review Date.
If the closing price meets this condition, investors will receive an additional payment of $37.50 per quarter, plus any previously unpaid Contingent Interest Payments for prior Review Dates.
The notes are fully and unconditionally guaranteed by JPMorgan Chase & Co.