Published on 2/14/2018 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $5.31 million step down trigger autocallables on Russell, Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, Feb. 14 – JPMorgan Chase Financial Co. LLC priced $5.31 million of 0% step down trigger autocallable notes due Feb. 10, 2023 linked to the lesser performing of the Russell 2000 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 automatically called at par of $10 plus 12.6% per year if each asset closes at or above its 70% downside threshold level on any annual observation date.
If the notes are not subject to an automatic call, that means the final level of at least one asset will be less than its downside threshold, 70% of its initial level, and investors will be exposed to the decline of the lesser-performing asset from its initial level.
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: | Russell 2000 index, Euro Stoxx 50 index
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Amount: | $5,305,000
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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: | Full exposure to decline of lesser-performing asset from initial level
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Call: | At par plus 12.6% per year if each asset closes at or above its downside threshold level on any annual observation date
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Initial values: | 1,507.969 for Russell, 3,454.52 for Euro Stoxx
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Downside thresholds: | 1,055.578for Russell, 2,418.16 for Euro 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: | 48129L850
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