Published on 7/17/2017 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.90 million autocallable yield notes on three indexes
New York, July 17 – JPMorgan Chase Financial Co. LLC priced $1.90 million of 6% autocallable yield notes due Oct. 17, 2018 linked to the worst performing of the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be called at par if each index closes at or above its initial level on any quarterly review date.
If the notes are not called, the payout at maturity will be par if each index closes above its initial value or no index closed below its 68.5% trigger level on any day during the life of the notes.
Otherwise 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
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable yield notes
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| Underlying indexes: | Euro Stoxx 50, S&P 500, Russell 2000
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| Amount: | $1,904,000
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| Maturity: | Oct. 17, 2018
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| Coupon: | 6%
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| Price: | Par
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| Payout at maturity: | Par plus the final coupon unless any index finishes below its initial level and any index closes below its trigger level during the life of the notes in which case 1% loss for each 1% decline of the worst-performing index
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| Call option: | At par if each index closes at or above its initial level on any quarterly review date
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| Initial index levels: | 3,515.23 for Euro Stoxx, 2,443.25 for S&P, 1,424.321 for Russell
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| Trigger levels: | 2,407.93255 for Euro Stoxx, 1,673.62625 for S&P, 975.659885 for Russell; 68.5% of initial levels
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| Pricing date: | July 12
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| Settlement date: | July 17
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.175%
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| Cusip: | 46647MWU3
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