Published on 3/8/2017 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.22 million review notes linked to Euro Stoxx 50, FTSE 100
By Wendy Van Sickle
Columbus, Ohio, March 8 – JPMorgan Chase Financial Co. LLC priced $1.22 million of 0% review notes due March 5, 2020 linked to the lesser performing of the FTSE 100 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
The notes will be called at par plus an annualized call premium of 9.25% if each index closes at or above its initial level on any annual call date.
If the notes are not called and the final level of each index is greater than or equal to its trigger value, 50% of its initial level, the payout will be par. Otherwise, investors will lose 1% for each 1% that the lesser-performing index finishes below its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Review notes
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| Underlying indexes: | FTSE 100, Euro Stoxx 50
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| Amount: | $1.22 million
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| Maturity: | March 5, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the final level of each index is greater than or equal to its trigger value, par; otherwise, 1% loss for each 1% that the lesser-performing index finishes below its initial level
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| Call: | At par plus a call premium of 9.25% per year if each index closes at or above its initial level on March 8, 2018, March 1, 2019 or March 2, 2020
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| Initial levels: | 7,382.90 for FTSE and 3,390.20 for Stoxx
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| Trigger levels: | 3,691.45 for FTSE and 1,695.10 for Stoxx; 50% of initial levels
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| Pricing date: | March 1
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| Settlement date: | March 6
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.95 %
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| Cusip: | 46646QLQ6
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