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Published on 4/12/2018 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $7 million 4.8% trigger callable yield notes on three indexes

By Wendy Van Sickle

Columbus, Ohio, April 12 – JPMorgan Chase Financial Co. LLC priced $7 million of 4.8% trigger callable yield notes due April 9, 2020 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.

The notes are guaranteed by JPMorgan Chase & Co.

Interest is payable quarterly.

The notes are callable at par on any quarterly call date.

The payout at maturity will be par of $10 unless any index finishes below its downside threshold level, 50% of its initial level, in which case investors will be fully exposed to the decline of the worst-performing index.

UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.

Issuer:JPMorgan Chase Financial Co. LLC
Guarantor:JPMorgan Chase & Co.
Issue:Trigger callable yield notes
Underlying indexes:Euro Stoxx 50, Russell 2000 and S&P 500
Amount:$7 million
Maturity:April 9, 2020
Coupon:4.8%, payable quarterly
Price:Par of $10
Payout at maturity:If each index finishes at or above downside threshold, par; otherwise, full exposure to decline of worst-performing index
Call option:At par on any quarterly call date
Initial index levels:1,542.927 for Russell 2000, 2,662.84 for S&P 500 and 3,429.95 for Euro Stoxx 50
Downside thresholds:771.464 for Russell 2000, 1,331.42 for S&P 500 and 1,714.938 for Euro Stoxx 50; 50% of initial levels
Pricing date:April 5
Settlement date:April 10
Agents:UBS Financial Services Inc. and J.P. Morgan Securities LLC
Fees:1.5%
Cusip:48129L264

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