Published on 12/30/2019 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $7.19 million 7.65% autocallable yield notes on indexes
By Wendy Van Sickle
Columbus, Ohio, Dec. 30 – JPMorgan Chase Financial Co. LLC priced $7.19 million of 7.65% autocallable yield notes due March 24, 2021 linked to the Euro Stoxx 50 index, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par if each index closes at or above its initial share price on any quarterly observation date other than the final one.
If the notes are not called, the payout at maturity will be par unless any index finishes below its initial level and any index ever closes below its trigger value, 70% of its initial level, on any day during the life of the notes, in which case investors will have one-to-one exposure to the decline of the least-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.
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| Issue: | Autocallable yield notes
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| Underlying indexes: | Euro Stoxx 50 index, Russell 2000 index and Nasdaq-100 index
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| Amount: | $7,185,000
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| Maturity: | March 24, 2021
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| Coupon: | 7.65%, payable monthly
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| Price: | Par
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| Payout at maturity: | Par unless any index finishes below initial level and any index ever closes below trigger value on any day during the life of the notes, in which case one-to-one exposure to decline of least-performing index
|
| Call: | Automatically at par if each index closes at or above initial share price on any quarterly observation date other than final one
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| Initial levels: | 8,641.291 for Nasdaq, 1,667.094 for Russell and 3,739.17 for Stoxx
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| Trigger values: | 6,048.9037 for Nasdaq, 1,166.9658 for Russell and 2,617.419 for Stoxx; 70% of initial levels
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| Pricing date: | Dec. 19
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| Settlement date: | Dec. 24
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.975%
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| Cusip: | 48132HEY4
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