Published on 4/4/2017 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $17.2 million 6.05% autocallable yield notes on indexes
By Marisa Wong
Morgantown, W.Va., April 4 – JPMorgan Chase Financial Co. LLC priced $17.2 million of 6.05% autocallable yield notes due April 4, 2019 linked to the lesser performing of the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Interest is payable quarterly.
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 review date.
The payout at maturity will be par unless any index finishes below its 65% 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: | Euro Stoxx 50, Russell 2000, S&P 500
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| Amount: | $17.2 million
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| Maturity: | April 4, 2019
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| Coupon: | 6.05%, payable quarterly
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| Price: | Par
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| Payout at maturity: | Par unless any index finishes below 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 index levels: | 2,362.72 for S&P 500, 1,385.920 for Russell 2000 and 3,500.93 for Euro Stoxx
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| Trigger levels: | 1,535.768 for S&P 500, 900.848 for Russell 2000 and 2,275.6045 for Euro Stoxx, 65% of initial values
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| Pricing date: | March 31
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| Settlement date: | April 5
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 46646Q2D6
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