Published on 3/8/2018 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $3.05 million 6% yield autocalls linked to indexes, fund
By Susanna Moon
Chicago, March 8 – JPMorgan Chase Financial Co. LLC priced $3.05 million of 6% autocallable yield notes due May 21, 2019 linked to the worst performing of the PowerShares QQQ Trust, series 1, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par if each underlying asset closes at or above its initial level on any review date other than the final date.
The payout at maturity will be par unless any asset finishes below its initial level and ever closes below its 67% trigger level during the life of the notes, in which case investors will be fully exposed to any losses of the worst performing index or fund.
The notes are guaranteed by JPMorgan Chase & Co.
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: | PowerShares QQQ Trust, series 1, Russell 2000 Euro Stoxx 50 index
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| Amount: | $3,054,000
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| Maturity: | May 21, 2019
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| Issue price: | Par
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| Coupon: | 6% annualized, payable monthly
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| Payout at maturity: | Par unless any asset falls and ever dips below 67% trigger, in which case 1% loss per 1% decline of worst performing index or fund
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| Call: | At par if each asset closes at or above initial level on any review date other than final date
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| Initial index levels: | $164.96 for fund, 1,543.551 for Russell and 3,426.80 for Stoxx
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| Downside thresholds: | $110.5232 for fund, 1,034.17917 for Russell and 2,295.956 for Stoxx, 67% of initial levels
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| Pricing date: | Feb. 16
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| Settlement date: | Feb. 22
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.975%
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| Cusip: | 48129HYL5
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