E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 10/3/2016 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $8.37 million of capped trigger in-step notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Oct. 3 – JPMorgan Chase Financial Co. LLC priced $8.37 million of 0% capped trigger in-step securities due March 29, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange.

The notes will be guaranteed by JPMorgan Chase & Co.

If the index finishes at or above the 80% downside threshold, the payout at maturity will be par plus the greater of the 10% step return and the index gain, capped at 23%. If the index finishes below the 80% downside threshold, investors will be fully exposed to the loss.

J.P. Morgan Securities LLC and UBS Financial Services Inc. are the agents.

Issuer:JPMorgan Chase Financial Co. LLC
Guarantor:JPMorgan Chase & Co.
Issue:Capped trigger in-step securities
Underlying index:S&P 500 index
Amount:$8,374,460
Maturity:March 29, 2019
Coupon:0%
Price:Par
Payout at maturity:If index finishes at or above downside threshold, par plus greater of 10% and index return; capped at 23%; otherwise, full exposure to loss
Initial index level:2,159.93
Pricing date:Sept. 27
Settlement date:Sept. 30
Agents:J.P. Morgan Securities LLC and UBS Financial Services Inc.
Fees:2%
Cusip:46646X456

© 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.