Published on 9/7/2017 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $142,000 6% one-year yield notes tied to three indexes
By Susanna Moon
Chicago, Sept. 7 – JPMorgan Chase Financial Co. LLC priced $142,000 of 6% yield notes due Sept. 6, 2018 linked to the least 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.
Interest will be payable monthly.
The payout at maturity will be par of $10 unless any index finishes below its initial level and ever closes below its 70% trigger level during the life of the notes, in which case investors will be fully exposed to any losses of the worst performing index.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Yield notes
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Underlying indexes: | Euro Stoxx 50, Russell 2000 and S&P 500
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Amount: | $142,000
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Maturity: | Sept. 6, 2018
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Coupon: | 6% annualized, payable monthly
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Price: | Par
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Payout at maturity: | Par plus contingent coupon unless any index finishes below its initial level and ever closes below trigger, in which case 1% loss for each 1% decline of worst performing index
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Initial levels: | 3,421.47 for Stoxx, 2,471.65 for S&P, 1,405.277 for Russell
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Trigger levels: | 2,395.029 for Stoxx, 1,730.155 for S&P, 983.6939 for Russell; 70% of initial levels
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Pricing date: | Aug. 31
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Settlement date: | Sept. 6
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.57535%
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Cusip: | 46647M3F8
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