Published on 4/22/2019 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $3.11 million autocallable yield notes on three indexes
By Sarah Lizee
Olympia, Wash., April 22 – JPMorgan Chase Financial Co. LLC priced $3.11 million of 7.7% autocallable yield notes due July 23, 2020 linked to the worst performing of the Nasdaq-100 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 rate will payable monthly.
Starting Oct. 18, the notes will be called at par if each index closes at or above its initial level on any quarterly review date other than the final date.
The payout at maturity will be par unless any index closes below its trigger level, 70% of its initial level, on any day during the life of the notes and any index finishes below its initial 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.
|
| Issue: | Autocallable yield notes
|
| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and Euro Stoxx 50 index
|
| Amount: | $3,108,000
|
| Maturity: | July 23, 2020
|
| Coupon: | 7.7%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless any index ever closes below trigger level during life of notes and any index finishes below its initial level, in which case full exposure to decline of worst performing index
|
| Call: | Starting Oct. 18, the notes will be called at par if each index closes at or above its initial level on any quarterly review date other than the final date
|
| Initial levels: | 7,680.717 for Nasdaq, 1,567.597 for Russell and 3,477.73 for Stoxx
|
| Trigger levels: | 5,376.5019 for Nasdaq, 1,097.3179 for Russell and 2,434.411 for Stoxx; 70% of initial levels
|
| Pricing date: | April 17
|
| Settlement date: | April 22
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.975%
|
| Cusip: | 48130WR45
|
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