Published on 3/27/2018 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $3.73 million step down trigger autocallables on Russell, Stoxx 50
New York, March 27 – JPMorgan Chase Financial Co. LLC priced $3.73 million of 0% step down trigger autocallable notes due March 13, 2023 linked to the lesser performing of 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 automatically called at par of $10 plus 14% per year if each asset closes at or above its 75% downside threshold level on any annual observation date.
If the notes are not subject to an automatic call, that means the final level of at least one asset will be less than its downside threshold, 75% of its initial level, and investors will be exposed to the decline of the lesser-performing asset from its initial level.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Step down trigger autocallable notes
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| Underlying assets: | Russell 2000 index, Euro Stoxx 50 index
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| Amount: | $3,731,000
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| Maturity: | March 13, 2023
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Full exposure to decline of lesser-performing asset from initial level
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| Call: | Automatically at par plus 14% per year if each asset closes at or above its downside threshold level on any annual observation date
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| Initial values: | 1,597.142 for Russell, 3,420.54 for Euro Stoxx
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| Downside thresholds: | 1,197.857 for Russell, 2,565.41 for Euro Stoxx; 75% of initial values
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| Pricing date: | March 12
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| Settlement date: | March 15
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| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
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| Fees: | 0%
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| Cusip: | 48129L520
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