Published on 2/9/2018 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.5 million jump securities on S&P, Russell, Stoxx
By Tali Rackner
Minneapolis, Feb. 9 – JPMorgan Chase Financial Co. LLC priced $1.5 million of 0% jump securities with autocallable feature due Jan. 29, 2021 linked to least performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be called at par plus a premium of 13% per year if each index closes above its initial level on any quarterly review date.
If each index finishes at or above its initial level, the payout will be par plus 13%.
If any index falls by up to its 75% downside threshold level, the payout at maturity will be par. Otherwise, investors will be exposed to any losses of the least-performing index.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Jump securities with autocallable feature
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| Underlying indexes: | S&P 500, Russell 2000, Euro Stoxx 50
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| Amount: | $1,504,000
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| Maturity: | Jan. 29, 2021
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| Coupon: | 0%
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| Price: | Par of $10
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| Call: | At par plus 13% per year if each index closes above initial level on any quarterly review date
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| Payout at maturity: | If each index finishes at or above initial level, par plus 13%; if any index falls by up to downside threshold, par plus 13%; if any stock falls, full exposure to any losses of least-performing index
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| Initial levels: | 2,872.87 for S&P, 1,608.058 for Russell, 3,647.41 for Euro Stoxx
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| Downside thresholds: | 2,154.6525 for S&P, 1,206.0435 for Russell, 2,735.5575 for Euro Stoxx; 75% of initial levels
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| Pricing date: | Jan. 26
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| Settlement date: | Jan. 31
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| Agent: | J.P. Morgan Securities LLC with Morgan Stanley Wealth Management handling distribution
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| Fees: | 3%
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| Cusip: | 46647MPU1
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