Published on 3/6/2018 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $743,000 6% yield autocallables linked to three indexes
By Susanna Moon
Chicago, March 6 – JPMorgan Chase Financial Co. LLC priced $743,000 of 6% autocallable yield notes due May 17, 2019 linked to the worst performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes will be called at par if each index closes at or above its initial level on any review date other than the final date.
The payout at maturity will be par unless any index finishes below its initial level and ever closes below its 69.25% trigger level during the life of the notes, in which case investors will be fully exposed to any losses of the worst performing index.
The notes are guaranteed by JPMorgan Chase & Co.
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: | S&P 500, Russell 2000 Euro Stoxx 50 index
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| Amount: | $743,000
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| Maturity: | May 17, 2019
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| Issue price: | Par
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| Coupon: | 6% annualized, payable quarterly
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| Payout at maturity: | Par unless any index falls and ever dips below 69.25% trigger, in which case 1% loss per 1% decline of worst performing index
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| Call: | At par if each index closes at or above initial level on any review date other than final date
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| Initial levels: | 2,698.63 for S&P, 1,522.096 for Russell and 3,369.83 for Stoxx
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| Barrier levels: | 1,868.80128 for S&P, 1,054.05148 for Russell and 2,333.60728 for Stoxx; 69.25% of initial levels
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| Pricing date: | Feb. 14
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| Settlement date: | Feb. 20
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.225%
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| Cusip: | 48129H4J3
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