Published on 4/18/2018 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $3.25 million step down trigger autocalls tied to Russell, Stoxx 50
By Susanna Moon
Chicago, April 18 – JPMorgan Chase Financial Co. LLC priced $3.25 million of 0% step down trigger autocallable notes due April 14, 2023 linked to the lesser performing of the Russell 2000 index and the Euro Stoxx 50 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 of $10 plus 13.85% per year if each asset closes at or above its initial level on any annual observation date or at or above its 75% downside threshold on the final valuation date.
If the notes are not called, the payout at maturity will be par plus the return of worse performing index with full exposure to any losses.
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: | Step down trigger autocallable notes
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Underlying assets: | Russell 2000 index, Euro Stoxx 50 index
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Amount: | $3.25 million
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Maturity: | April 14, 2023
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus return of worse performing index with full exposure to any losses
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Call: | At par plus 13.85% per year if each asset closes at or above its initial level on any annual observation date or at or above its 75% downside threshold on the final valuation date
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Initial levels: | 1,543.433 for Russell, 3,438.78 for Stoxx
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Downside thresholds: | 1,157.575 for Russell, 2,579.09 for Stoxx; 75% of initial levels
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Pricing date: | April 11
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Settlement date: | April 16
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Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
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Fees: | 0%
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Cusip: | 48129L181
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