Published on 7/24/2017 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $4.73 million trigger PLUS linked to three indexes
By Angela McDaniels
Tacoma, Wash., July 24 – JPMorgan Chase Financial Co. LLC priced $4.73 million of 0% trigger Performance Leveraged Upside Securities due July 25, 2022 linked to the least performing of the Dow Jones industrial average, the Russell 2000 index and the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes above its initial level, the payout at maturity will be par of $10 plus 207% of the return of the least-performing index.
If any index finishes at or below its initial level but each index finishes at or above its trigger level, 70% of its initial level, the payout will be par.
If any index finishes below its trigger level, investors will lose 1% for every 1% that the least-performing index declines from its initial level.
J.P. Morgan Securities LLC is the agent. Distribution is through Morgan Stanley Wealth Management.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying indexes: | Dow Jones industrial average, Russell 2000 and S&P 500
|
| Amount: | $4,729,000
|
| Maturity: | July 25, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If each index finishes above initial level, par plus 207% of return of least-performing index; if any index finishes at or below initial level but each index finishes at or above trigger level, par; if any index finishes below trigger level, 1% loss for every 1% that least-performing index declines from initial level
|
| Initial index levels: | 21,611.78 for Dow, 1,442.354 for Russell 2000 and 2,473.45 for S&P 500
|
| Trigger level: | 15,128.246 for Dow, 1,009.6478 for Russell 2000 and 1,731.415 for S&P 500; 70% of initial levels
|
| Pricing date: | July 20
|
| Settlement date: | July 25
|
| Agent: | J.P. Morgan Securities LLC
|
| Distribution: | Morgan Stanley Wealth Management
|
| Fees: | 3%
|
| Cusip: | 48129G398
|
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