Published on 9/12/2018 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $2.94 million autocallable yield notes on S&P, Stoxx, Russell
By Wendy Van Sickle
Columbus, Ohio, Sept. 12 – JPMorgan Chase Financial Co. LLC priced $2.94 million of 7.5% autocallable yield notes due Aug. 30, 2019 linked to the 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 will be guaranteed by JPMorgan Chase & Co.
Interest is payable monthly.
The notes will be automatically called at par if each index closes at or above its initial level on any quarterly review date other than the final one.
The payout at maturity will be par unless any index finishes below its initial level and ever closes below its 70% trigger level, in which case investors will be fully exposed to the decline of the least performing index.
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 indexes: | S&P 500, Russell 2000 and Euro Stoxx 50
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| Amount: | $2,937,000
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| Maturity: | Aug. 30 2019
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| Coupon: | 7.5%, payable monthly
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| Price: | Par
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| Payout at maturity: | Par unless any index finishes below initial level and ever closes below its trigger level, in which case full exposure to decline of least performing index
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| Call: | At par if each index closes at or above initial level on any quarterly review date other than final one
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| Initial levels: | 3,430.99 for Stoxx, 1,732.354 for Russell and 2,901.13 for S&P
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| Trigger levels: | 2,401.693 for Stoxx, 1,212.6478 for Russell and 2,030.791 for S&P; 70% of initial levels
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| Pricing date: | Aug. 30
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| Settlement date: | Sept. 5
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.6%
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| Cusip: | 48130UCW3
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