Published on 7/21/2017 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $3.77 million autocallable yield notes on Russell, iShares EAFE
New York, July 21 – JPMorgan Chase Financial Co. LLC priced $3.77 million of 5.25% autocallable yield notes due Jan. 17, 2019 linked to the lesser performing of the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, 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 plus the coupon if each asset closes at or above its initial level on any of Jan. 16, 2018, July 16, 2018 and Jan. 14, 2019. The initial level was set on July 12.
The payout at maturity will be par plus the coupon unless either asset finishes below the buffer level, 80% of its initial level, in which case investors will lose 1.25% for each 1% decline of the worse performing asset beyond the 20% buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable yield notes
|
| Underlying assets: | Russell 2000 and iShares MSCI EAFE exchange-traded fund
|
| Amount: | $3,769,000
|
| Maturity: | Jan. 17, 2019
|
| Coupon: | 5.25%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par plus coupon if each asset finishes at or above 80% buffer; otherwise, 1.25% loss for each 1% decline of worse performing asset beyond 20% buffer
|
| Call: | At par plus coupon if each asset closes at or above initial level on Jan. 16, 2018, July 16, 2018 or Jan. 14, 2019
|
| Initial index levels: | 1,424.321 for Russell, $65.67 for fund, set on July 12
|
| Pricing date: | July 14
|
| Settlement date: | July 19
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 46647MXG3
|
|
|
|
|
© 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.
