Published on 12/29/2017 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.96 million trigger digital notes on S&P, Stoxx
By Wendy Van Sickle
Columbus, Ohio, Dec. 29 – JPMorgan Chase Financial Co. LLC priced $1.96 million of 0% trigger digital notes due June 25, 2020 linked to the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final level of each index is greater than or equal to the downside threshold, 75% of the initial level, the payout at maturity will be par of $10 plus 38%. If the final level of either index is less than the downside threshold, investors will be fully exposed to the laggard index’s decline.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Trigger digital notes
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| Underlying indexes: | S&P 500 index and Euro Stoxx 50 index
|
| Amount: | $1,955,000
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| Maturity: | June 25, 2020
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If final level of each index is greater than or equal to downside threshold, par plus 38%; otherwise, full exposure to laggard index’s decline
|
| Initial levels: | 2,679.25 for S&P, 3,552.65 for Stoxx
|
| Downside threshold | 2,009.44 for S&P, 2,664.49 for Stoxx, 75% of initial levels
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| Pricing date: | Dec. 21
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| Settlement date: | Dec. 27
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| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 48129K498
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