Published on 3/22/2019 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $4.3 million 7.3% autocallable yield notes on indexes
By Wendy Van Sickle
Columbus, Ohio, March 22 – JPMorgan Chase Financial Co. LLC priced $4.3 million of 7.3% autocallable yield notes due June 25, 2020 linked to the worst performing of the Nasdaq-100 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
Interest rate will payable monthly.
After six months, he notes will be called at par if each index closes at or above its initial level on any quarterly review date other than the final one.
The payout at maturity will be par unless any index closes below its trigger level, 70% of its initial level, on any day during the life of the notes and the return of the least-performing index is negative, in which case investors will lose 1% for every 1% that the least-performing index finishes below its initial level.
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: | Nasdaq-100, Russell 2000 and Euro Stoxx 50
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| Amount: | $4.3 million
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| Maturity: | June 25, 2020
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| Coupon: | 7.3%, payable monthly
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| Price: | Par
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| Payout at maturity: | Par unless any index ever closes below trigger level and return of least-performing index is negative, in which case 1% loss for every 1% decline of worse performing index from initial level
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| Call: | After six months at par if each index closes at or above the initial level on any quarterly review date other than the final one
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| Initial levels: | 7,380.754 for Nasdaq-100, 1,543.159 for Russell, 3,372.38 for Stoxx
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| Trigger levels: | 5,166.5278 for Nasdaq-100, 1,080.2113 for Russell, 2,360.666 for Stoxx, 70% of initial levels
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| Pricing date: | March 20
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| Settlement date: | March 25
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.975%
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| Cusip: | 48130W7H8
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