Published on 7/5/2018 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.56 million review notes on Euro Stoxx 50 and Russell
By Devika Patel
Knoxville, Tenn., July 5 – JPMorgan Chase Financial Co. LLC priced $1.56 million of 0% review notes due July 15, 2022 linked to the Euro Stoxx 50 index and the Russell 2000 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 plus an annual call premium of 10% if each index closes above its initial level on any of the first three annual review dates. They will be called with a 40% premium if each index closes above 70% of its initial level on the final review date of July 12, 2022.
If the notes are not called, investors will lose 1% for each 1% decline of the worse performing index from its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Review notes
|
| Underlying indexes: | Euro Stoxx 50 and Russell 2000
|
| Amount: | $1.56 million
|
| Maturity: | July 15, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | 1% loss for each 1% decline of worse performing index from its initial level
|
| Call: | At par plus an annual call premium of 10% if each index closes at or above its initial level on any of the first three annual review dates; at par plus 40% if index closes above 70% of its initial level on final review date of July 12, 2022
|
| Initial levels: | 3,441.60 for Stoxx, 1,685.577 for Russell
|
| Call levels for final review date: | 2,409.12 for Stoxx, 1,179.9039 for Russell, 70% if initial levels
|
| Pricing date: | June 22
|
| Settlement date: | June 29
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48129MVZ6
|
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