Published on 12/1/2017 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $132,000 6% yield autocallables tied to indexes, fund
By Susanna Moon
Chicago, Dec. 1 – JPMorgan Chase Financial Co. LLC priced $132,000 of 6% autocallable yield notes due Feb. 25, 2019 linked to the least performing of the Russell 2000 index, the Euro Stoxx 50 index and the PowerShares QQQ Trust, series 1, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The notes will be called at par plus the contingent coupon if each underlying component closes at or above its initial level on any review date other than the date.
The payout at maturity will be par of $10 unless any component finishes below its initial level and ever closes below its 69% trigger level during the life of the notes, in which case investors will be fully exposed to any losses of the worst performing index or fund.
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: | Autocallable yield notes
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| Underlying assets: | Russell 2000 index, Euro Stoxx 50 index and PowerShares QQQ Trust, series 1
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| Amount: | $132,000
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| Maturity: | Feb. 25, 2019
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| Coupon: | 6% annualized, payable monthly
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| Price: | Par
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| Call: | At par plus contingent coupon if each component closes at or above initial level on any review date other than final date
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| Payout at maturity: | Par plus contingent coupon unless any component finishes below its initial level and ever closes below trigger, in which case 1% loss for each 1% decline of worst performing index or fund
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| Initial levels: | 1,503.396 for Russell, 3,561.41 for Stoxx, $153.83 for fund
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| Trigger levels: | 1,037.34324 for Russell, 2,457.3729 for Stoxx, $106.1427 for fund; 69% of initial levels
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| Pricing date: | Nov. 20
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| Settlement date: | Nov. 24
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.175%
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| Cusip: | 48129HML8
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