Published on 7/2/2018 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $4.42 million five-year review notes on S&P 500, Russell
By Wendy Van Sickle
Columbus, Ohio, July 2 – JPMorgan Chase Financial Co. LLC priced $4.42 million of 0% review notes due July 15, 2022 linked to the worse performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a call premium of 10.1% per year if each index closes at or above its initial level on any annual review date.
If the notes are not called, the payout at maturity will be par unless either index finishes below its 70% trigger level, in which case investors will be fully exposed to the decline of the worse performing index.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Review notes
|
Underlying indexes: | S&P 500, Russell 2000
|
Amount: | $4,421,000
|
Maturity: | July 15, 2022
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par unless either index finishes below trigger level, in which case full exposure to decline of worse performing index
|
Call: | At par plus 10.1% per year if each index closes at or above initial level on any annual review date
|
Initial levels: | 2,754.88 for S&P, 1,685.577 for Russell
|
Trigger levels: | 1,928.416 for S&P, 1,179.9039 for Russell, 70% of initial levels
|
Pricing date: | June 22
|
Settlement date: | June 29
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 0%
|
Cusip: | 48129MVT0
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.