Published on 11/14/2016 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.19 million 5% callable yield notes on indexes, fund
By Susanna Moon
Chicago, Nov. 14 – JPMorgan Chase Financial Co. LLC priced $1.19 million of 5% callable yield notes due Nov. 19, 2018 linked to the S&P 500 index, Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Interest is payable quarterly.
The notes are callable at par on any interest payment date other than the first and final dates.
The payout at maturity will be par unless any component finishes below its 50% trigger level, in which case investors will lose 1% for each 1% decline of the worst performer.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Callable yield notes
|
Underlying: | S&P 500 index, Russell 2000 index and the iShares MSCI EAFE ETF
|
Amount: | $1,185,000
|
Maturity: | Nov. 19, 2018
|
Coupon: | 5%, payable quarterly
|
Price: | Par
|
Payout at maturity: | If any underlying component finishes below trigger level, par plus return of worst performer; otherwise, par
|
Call option: | At par plus coupon on any interest payment date other than first and final dates
|
Initial levels: | 2,163.26 for S&P, 1,232.162 for Russell and $57.56 for fund
|
Trigger levels: | 1,081.63 for S&P, 616.081 for Russell and $28.78 for fund; 50% of initial levels
|
Pricing date: | Nov. 9
|
Settlement date: | Nov. 15
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 1.3%
|
Cusip: | 46646E6H0
|
|
|
© 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.