Published on 3/14/2018 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $4.38 million trigger autocallables on MSCI EM, Russell
New York, March 14 – JPMorgan Chase Financial Co. LLC priced $4.38 million of trigger autocallable contingent yield notes due March 14, 2028 linked to the MSCI Emerging Markets index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will pay a contingent quarterly coupon at an annual rate of 7.3% if each index closes at or above its coupon barrier level, 70% of its initial level, on the related quarterly observation date.
The notes will be called at par if each index closes at or above its initial level on any quarterly observation date after one year.
The payout at maturity will be par plus the final coupon, if any, unless either index finishes below the 50% downside threshold level, in which case investors will lose 1% for each 1% decline of the worse performing index from its initial level.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Trigger autocallable contingent yield notes
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| Underlying indexes: | MSCI Emerging Markets and Russell 2000
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| Amount: | $4, 284,500
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| Maturity: | March 14, 2028
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| Coupon: | 7.3%, payable quarterly if each index closes at or above coupon barrier on related quarterly observation date
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| Price: | Par of $10
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| Call: | After one year, at par plus contingent coupon if each index closes at or above initial level on any quarterly observation date
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| Payout at maturity: | Par plus coupon, if any, unless index finishes below downside threshold level, in which case 1% loss for each 1% decline of worse performing index from initial level
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| Initial levels: | 1,207.23 for EM, 1,597.142 for Russell
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| Coupon barriers: | 845.06 for EM, 1,117.999 for Russell, 70% of initial levels
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| Downside thresholds: | 603.62 for EM, 798.571 for Russell, 50% of initial levels
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| Pricing date: | March 9
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| Settlement date: | March 14
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| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
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| Fees: | 3.5%
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| Cusip: | 48129L652
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