Published on 12/24/2018 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $8.86 million 10.6% autocallable yield notes on indexes
By Wendy Van Sickle
Columbus, Ohio, Dec. 24 – JPMorgan Chase Financial Co. LLC priced $8.86 million of 10.6% autocallable yield notes due Dec. 26, 2019 linked to the least performing of the S&P 500 index, the Nasdaq-100 index and the Russell 2000 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
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable yield notes
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| Underlying indexes: | Nasdaq-100, Russell 2000, S&P 500
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| Amount: | $8,857,000
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| Maturity: | Dec. 26, 2019
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| Coupon: | 10.6%, payable monthly
|
| 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
|
| Call: | At par if each index closes at or above its initial level on any quarterly review date other than final one
|
| Initial levels: | 6,243.195 for Nasdaq, 1,326.002 for Russell and 2,467.42 for S&P
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| Trigger levels: | 4,370.2365 for Nasdaq, 928.5\2014 for Russell and 1,727.194 for S&P, 70% of initial levels
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| Pricing date: | Dec. 20
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| Settlement date: | Dec. 26
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.6%
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| Cusip: | 48130WEG2
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