Published on 9/28/2016 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $3.75 million 5.8% trigger callable yield notes linked to three indexes
By Devika Patel
Knoxville, Tenn., Sept. 28 – JPMorgan Chase Financial Co. LLC priced $3.75 million of 5.8% trigger callable yield notes due March 29, 2019 linked to the least performing of the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Interest is payable quarterly.
If each index finishes at or above its trigger level, 60% of its initial level, the payout at maturity will be par of $10. If any index finishes below its trigger level, investors will be fully exposed to the decline of the least-performing index.
The notes are callable at par on any quarterly call notice date.
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: | Trigger callable yield notes
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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| Amount: | $3.75 million
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| Maturity: | March 29, 2019
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| Coupon: | 5.8%, payable quarterly
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| Price: | Par of $10
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| Call: | Quarterly at par
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| Payout at maturity: | If each index finishes at or above trigger level, par; if any index finishes below trigger level, full exposure to decline of least-performing index
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| Initial levels: | 4,858.909 for Nasdaq-100, 1,254.623 for Russell 2000 and 2,164.69 for S&P 500
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| Trigger levels: | 2,915.345 for Nasdaq-100, 752.774 for Russell 2000 and 1,298.81 for S&P 500; 60% of initial levels
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| Pricing date: | Sept. 23
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| Settlement date: | Sept. 30
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| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 46646X225
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