Published on 3/2/2018 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $500,000 6% yield autocalls tied to two indexes, fund
By Susanna Moon
Chicago, March 2 – JPMorgan Chase Financial Co. LLC priced $500,000 of 6% autocallable yield notes due May 16, 2019 linked to the worst performing of the Russell 2000 index, the Euro Stoxx 50 index and the PowerShares QQQ Trust, series 1, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par if each underlying component closes at or above its initial level on any review date other than the final date.
The payout at maturity will be par unless any underlying component finishes below its initial level and ever closes below its 68.75% trigger level during the life of the notes, in which case investors will be fully exposed to any losses of the worst performing index or fund.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable yield notes
|
| Underlying indexes: | Russell 2000 index, Euro Stoxx 50 index and PowerShares QQQ Trust, series 1
|
| Amount: | $500,000
|
| Maturity: | May 16, 2019
|
| Issue price: | Par
|
| Coupon: | 6% annualized, payable monthly
|
| Payout at maturity: | Par unless any component falls and ever dips below 68.75% trigger, in which case 1% loss per 1% decline of worst performing index or fund
|
| Call: | At par if each component closes at or above initial level on any review date other than final date
|
| Initial levels: | 1,490.981 for Russell, 3,368.25 for Stoxx and $158.87 for fund
|
| Barrier levels: | 1,025.049 for Russell, 2,315.67 for Stoxx and $109.22313 for fund; 68.75% of initial levels
|
| Pricing date: | Feb. 12
|
| Settlement date: | Feb. 15
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.6%
|
| Cusip: | 48129H4Q7
|
|
|
|
|
© 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.
