Published on 12/6/2018 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $9.11 million 9.35% yield autocalls tied to S&P, Russell, Stoxx
By Susanna Moon
Chicago, Dec. 11 – JPMorgan Chase Financial Co. LLC priced $9.11 million of 9.35% autocallable yield notes due Nov. 20, 2019 linked to the lesser 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.
Interest is payable monthly.
The notes will be called at par if each index 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 underlying index finishes below its 65% trigger level, in which case investors will be fully exposed to any losses of the worst performing index.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable yield notes
|
| Underlying indexes: | Russell 2000 index, S&P 500 index and Euro Stoxx 50 index
|
| Amount: | $9,109,000
|
| Maturity: | Nov. 20, 2019
|
| Coupon: | 9.35% annualized, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless any index ever closes below its 65% trigger level, in which case full exposure to any losses of worst performing index
|
| Call: | At par plus contingent coupon if each index closes at or above initial level on any quarterly review date other than final date
|
| Initial levels: | 1,524.122 for Russell, 2,730.20 for S&P and 3,190.31 for Stoxx
|
| Trigger levels: | 1,066.8854 for Russell, 1,911.14 for S&P and 2,233.217 for Stoxx, 65% of initial levels
|
| Pricing date: | Nov. 15
|
| Settlement date: | Nov. 20
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.6%
|
| Cusip: | 48130WAP6
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
