Published on 11/15/2019 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $6.62 million trigger autocallable contingent yield notes on Stoxx, EM, Russell
By Sarah Lizee
Olympia, Wash., Nov. 15 – JPMorgan Chase Financial Co. LLC priced $6.62 million of trigger autocallable contingent yield notes due Nov. 9, 2029 linked to the Euro Stoxx 50 index, the Russell 2000 index and the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will pay a contingent quarterly coupon at an annual rate of 7.2% if each index closes at or above its coupon barrier level, 70% of its initial level, on the observation date for that quarter.
The notes will be called at par plus the coupon if each index closes at or above its initial level on any observation date after one year.
The payout at maturity will be par plus the coupon unless any index finishes below the 50% downside threshold level, in which case investors will lose 1% for each 1% decline of the worse performing index from its initial level.
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 autocallable contingent yield notes
|
| Underlying indexes: | Euro Stoxx 50, MSCI Emerging Markets, Russell 2000
|
| Amount: | $6.62 million
|
| Maturity: | Nov. 9, 2029
|
| Coupon: | 7.2% payable quarterly if each index closes at or above coupon barrier level on quarterly observation date
|
| Price: | Par of $10
|
| Call: | At par plus coupon if each index closes at or above initial level on any observation date after one year
|
| Payout at maturity: | Par plus coupon unless any index closes below downside threshold level, in which case 1% loss for each 1% decline of worse performing index from initial level
|
| Initial levels: | 1,068.87 for EM, 3,688.74 for Stoxx, 1,589.542 for Russell
|
| Coupon barriers: | 748.21 for EM, 2,582.12 for Stoxx, 1,112.679 for Russell; 70% of initial levels
|
| Downside thresholds: | 534.44 for EM, 1,844.37 for Stoxx, 794.771 for Russell; 50% of initial levels
|
| Pricing date: | Nov. 7
|
| Settlement date: | Nov. 12
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 3.5%
|
| Cusip: | 48132J108
|
|
|
© 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.
