Published on 5/19/2017 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $5.06 million autocallable notes tied to MSCI EM, Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, May 19 – JPMorgan Chase Financial Co. LLC priced $5.06 million of 0% autocallable notes due May 21, 2020 linked to the MSCI Emerging Markets index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be called at par plus an annualized call premium of 12.05% if each index closes at or above its call level on any annual call date. The call level will be 100% of the initial level on the first call date, 95% on the second, and 90% on the third.
The payout at maturity will be par, unless either index finishes below the 70% trigger level, in which case investors will lose 1% for every 1% decline of the worse performing index.
J.P. Morgan Securities LLC and UBS Financial Services Inc. are the agents.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Trigger autocallable contingent yield notes
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Underlying indexes: | MSCI Emerging Markets and Euro Stoxx 50
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Amount: | $5,057,000
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Maturity: | May 21, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par unless either index finishes below trigger level, in which case investors will lose 1% for every 1% decline of the worse performing index
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Call: | At par plus 12.05% a year if each index closes at or above its call level on any annual call date
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Call levels: | 100% of initial level on first call date, 95% on second, 90% on third
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Initial levels: | 1,008.63 for EM, 3,584.83 for Stoxx
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Triggers: | 706.041 for EM, 2,509.381 for Stoxx; 70% of initial levels
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Pricing date: | May 17
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Settlement date: | May 22
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Agents: | J.P. Morgan Securities LLC and UBS Financial Services Inc.
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Fees: | 2.25%
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Cusip: | 46647MCM3
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