Published on 2/7/2018 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $3.84 million 6.7% trigger yield notes linked to Wells Fargo
By Wendy Van Sickle
Columbus, Ohio, Feb. 7 – JPMorgan Chase Financial Co. LLC priced $3.84 million of 6.7% trigger yield notes due Aug. 7, 2018 linked to the common stock of Wells Fargo & Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Interest is payable monthly.
The payout at maturity will be par unless the final price is less than 85% of the initial share price, in which case investors will be fully exposed to the decline.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Trigger yield notes
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Underlying stock: | Wells Fargo & Co.
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Amount: | $3,835,000
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Maturity: | Aug. 7, 2018
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Coupon: | 6.7%, payable monthly
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Price: | Par
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Payout at maturity: | If final share price is less than trigger price, exposure to decline; otherwise, par
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Initial share price: | $64.07
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Trigger price: | $54.46, 85% of initial price
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Pricing date: | Feb. 2
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Settlement date: | Feb. 7
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1%
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Cusip: | 48129L603
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