Published on 2/28/2018 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $6.2 million step down trigger autocallables on Nasdaq, Stoxx 50
By Susanna Moon
Chicago, Feb. 28 – JPMorgan Chase Financial Co. LLC priced $6.2 million of 0% step down trigger autocallable notes due Feb. 10, 2023 linked to the lesser performing of the Nasdaq-100 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 12.65% if each underlying component closes at or above its initial level on any annual observation date or its 70% downside threshold on the final valuation date.
If any component finishes below its 70% downside threshold, the payout at maturity will be par plus the return of the worst performing index.
The notes are guaranteed by JPMorgan Chase & Co.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Step down trigger autocallable notes
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Underlying assets: | Nasdaq-100 index, Euro Stoxx 50 index
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Amount: | $6.2 million
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Maturity: | Feb. 10, 2023
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus return of worse performing component with full exposure to any losses of worse performing index
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Call: | At par plus 12.65% per year if each component closes at or above initial level on first four annual observation dates or its downside threshold on final valuation date
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Initial values: | 6,582.022 for Nasdaq, 3,454.52 for Stoxx
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Downside thresholds: | 4,607.415 for Nasdaq, 2,418.16 for Stoxx; 70% of initial values
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Pricing date: | Feb. 8
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Settlement date: | Feb. 13
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Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
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Fees: | 0%
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Cusip: | 48129L868
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