Published on 6/17/2019 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $9.47 million autocallable yield notes on three indexes
By Wendy Van Sickle
Columbus, Ohio, June 17 – JPMorgan Chase Financial Co. LLC priced $9.47 million of 8.9% autocallable yield notes due June 18, 2020 linked to the worst performing of the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
Interest rate will payable monthly.
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 date.
The payout at maturity will be par unless any index closes below its trigger level, 70% of its initial level, on any day during the life of the notes and any index finishes below its initial 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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable yield notes
|
| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
|
| Amount: | $9,468,000
|
| Maturity: | June 18, 2020
|
| Coupon: | 8.9%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless any index ever closes below trigger level during life of notes and any index finishes below its initial level, in which case full exposure to decline of worst performing index
|
| Call: | At par if each index closes at or above its initial level on any quarterly review date other than the final date
|
| Initial levels: | 7,479.111 for Nasdaq, 1,522.499 for Russell and 2,886.98 for S&P
|
| Trigger levels: | 5,235.3777 for Nasdaq, 1,065.7493 for Russell and 2,020.886 for S&P; 70% of initial levels
|
| Pricing date: | June 14
|
| Settlement date: | June 19
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.4%
|
| Cusip: | 48132CRU9
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
