Published on 2/10/2017 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.48 million 5.25% callable yield notes tied to two indexes, fund
By Susanna Moon
Chicago, Feb. 10 – JPMorgan Chase Financial Co. LLC priced $2.48 million of 5.25% callable yield notes due Feb. 11, 2019 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 first and final dates.
The payout at maturity will be par unless any component finishes below its 55% 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
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Callable yield notes
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Underlying assets: | Russell 2000 index, S&P 500 index and iShares MSCI EAFE ETF
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Amount: | $2,476,000
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Maturity: | Feb. 11, 2019
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Coupon: | 5.25%, payable quarterly
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Price: | Par
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Payout at maturity: | Par unless any component finishes below trigger, in which case full exposure to loss of worst performing asset
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Call option: | At par on any quarterly review date other than first and final dates
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Initial levels: | 2,297.42 for S&P, 1,377.837 for Russell, $60.14 for iShares MSCI EAFE
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Trigger levels: | 1,263.581 for S&P, 757.81035 for Russell, $33.077 for iShares MSCI EAFE; 55% of initial value
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Pricing date: | Feb. 3
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Settlement date: | Feb. 8
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.5%
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Cusip: | 46646QZZ1
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