Published on 8/29/2017 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $3.03 million 4.752% contingent yield trigger notes tied to indexes
By Susanna Moon
Chicago, Aug. 29 – JPMorgan Chase Financial Co. LLC priced $3.03 million of trigger contingent yield notes due Dec. 31, 2018 linked to the least performing of the Russell 2000 index, the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 4.752% if each index closes at or above the 66.8% coupon barrier on the observation date for that quarter.
The payout at maturity will be par unless any index finishes below its 66.8% downside threshold, in which case investors will be exposed to any losses of the worst performing index.
The notes are guaranteed by JPMorgan Chase & Co.
UBS Financial Services Inc. is the distributor.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Trigger contingent yield notes
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| Underlying indexes: | Russell 2000 index, S&P 500 index and Euro Stoxx 50 index
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| Amount: | $3,025,000
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| Maturity: | Dec. 31, 2018
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| Coupon: | 4.752% per year, payable quarterly if each index closes at or above 66.8% coupon barrier on observation date for that quarter
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| Price: | Par of $10
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| Payout at maturity: | Par unless any index falls below 66.8% trigger, in which 1% loss for each 1% decline of worst performing index
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| Initial levels: | 1,373.87 for Russell, 2,438.97 for S&P and 3,444.73 for Stoxx
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| Thresholds: | 917.749 for Russell, 1,629.23 for S&P and 2,301.08 for Stoxx; 66.8% of initial levels
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| Pricing date: | Aug. 24
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| Settlement date: | Aug. 31
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| Agents: | UBS Financial Services Inc. and Barclays
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| Fees: | 1%
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| Cusip: | 48129J731
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