Published on 7/30/2018 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $719,000 four-year review notes on Stoxx 50, oil and gas ETF
By Wendy Van Sickle
Columbus, Ohio, July 30 – JPMorgan Chase Financial Co. LLC priced $719,000 of 0% review notes due July 25, 2022 linked to the worse performing of the Euro Stoxx 50 index and the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 19.85% if each asset closes at or above its initial level on any annual review date.
If the notes are not called, the payout at maturity will be par plus 10% if each asset finishes above its 60% trigger level. Otherwise, investors will be fully exposed to the loss of the worse performing asset.
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: | Review notes
|
Underlying indexes: | Euro Stoxx 50, SPDR S&P Oil & Gas Exploration & Production ETF
|
Amount: | $719,000
|
Maturity: | July 25, 2022
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 10% if each asset closes above 60% trigger level; otherwise, 1% loss for each 1% decline of worse performing asset
|
Call: | At par plus 19.85% per year if each asset closes at or above initial level on any annual review date
|
Initial levels: | $42.50 for ETF and 3,460.03 for Stoxx
|
Trigger levels: | $25.50 for ETF and 2,076.018 for Stoxx, 60% of initial levels
|
Pricing date: | July 20
|
Settlement date: | July 27
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 0%
|
Cusip: | 48129MK70
|
|
© 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.