Published on 4/21/2017 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $6.14 million 6% autocallable yield notes on indexes
By Wendy Van Sickle
Columbus, Ohio, April 21 – JPMorgan Chase Financial Co. LLC priced $6.14 million of 6% autocallable yield notes due July 24, 2018 linked to the lesser performing of the Euro Stoxx 50 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 monthly.
The notes will be called at par if each index closes at or above its initial level on any quarterly review date other than the final review date.
The payout at maturity will be par unless any index finishes below its 67% trigger level, in which case investors will be fully exposed to the decline of the least performing index.
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: | Autocallable yield notes
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| Underlying indexes: | Euro Stoxx 50, Russell 2000, S&P 500
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| Amount: | $6,135,000
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| Maturity: | July 24, 2018
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| Coupon: | 6%, payable monthly
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| Price: | Par
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| Payout at maturity: | Par unless any index finishes below trigger level, in which case full exposure to decline of least-performing index
|
| Call: | At par if each index closes at or above initial level on any quarterly review date other than final one
|
| Initial index levels: | 2,338.17 for S&P 500, 1,376.133 for Russell 2000 and 3,420.99 for Euro Stoxx
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| Trigger levels: | 1,566.5739 for S&P 500, 915.97911 for Russell 2000 and 2,292.0633 for Euro Stoxx, 67% of initial values
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| Pricing date: | April 19
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| Settlement date: | April 24
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.475%
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| Cusip: | 466464Y8
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