By Angela McDaniels
Tacoma, Wash., Sept. 29 – JPMorgan Chase Financial Co. LLC priced $2.48 million of trigger autocallable contingent yield notes due Sept. 30, 2027 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Each quarter, the notes pay a contingent coupon at an annual rate of 6% if each index closes at or above its downside threshold, 59.25% of its initial level, on the observation date for that quarter.
Beginning Sept. 27, 2018, the notes will be automatically called at par of $10 if each index closes at or above its initial level on any quarterly observation date other than the final one.
The payout at maturity will be par unless either index finishes below its downside threshold, in which case investors will be fully exposed to the decline of the lesser-performing index.
UBS Financial Services Inc. is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantors: | JPMorgan Chase & Co.
|
| Issue: | Trigger autocallable contingent yield notes
|
| Underlying indexes: | Euro Stoxx 50 and Russell 2000
|
| Amount: | $2,477,000
|
| Maturity: | Sept. 30, 2027
|
| Coupon: | 6%, payable quarterly if indexes close at or above downside thresholds on observation date for that quarter
|
| Price: | Par of $10
|
| Payout at maturity: | Par unless either index finishes below downside threshold, in which case full exposure to decline of lesser-performing index
|
| Call: | Beginning Sept. 27, 2018, automatically at par if indexes close at or above initial levels on any quarterly observation date other than final one
|
| Initial index levels: | 1,484.813 for Russell 2000 and 3,555.17 for Euro Stoxx 50
|
| Downside thresholds: | 879.752 for Russell 2000 and 2,106.44 for Euro Stoxx 50; 59.25% of initial levels
|
| Pricing date: | Sept. 27
|
| Settlement date: | Sept. 29
|
| Agents: | UBS Financial Services Inc.
|
| Fees: | 3.5%
|
| Cusip: | 48129J434
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
