Published on 7/24/2017 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $5.90 million 5.45% trigger callable yield notes on three indexes
By Marisa Wong
Morgantown, W.Va., July 24 – JPMorgan Chase Financial Co. LLC priced $5.90 million of 5.45% trigger callable yield notes due July 27, 2020 linked to the least performing of the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index, 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 quarterly call date after six months.
The payout at maturity will be par of $10 unless any index finishes below its downside threshold level, 60% of its initial level, in which case investors will be fully exposed to the decline of the worst-performing index.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Trigger callable yield notes
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| Underlying indexes: | Euro Stoxx 50, Russell 2000 and S&P 500
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| Amount: | $5,895,000
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| Maturity: | July 27, 2020
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| Coupon: | 5.45%, payable quarterly
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| Price: | Par of $10
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| Payout at maturity: | If each index finishes at or above downside threshold, par; otherwise, full exposure to decline of worst-performing index
|
| Call option: | At par on any quarterly call date beginning Jan. 18
|
| Initial index levels: | 1,427.614 for Russell 2000, 2,460.61 for S&P 500 and 3,478.68 for Euro Stoxx 50
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| Downside thresholds: | 856.568 for Russell 2000, 1,476.37 for S&P 500 and 2,087.21 for Euro Stoxx 50; 60% of initial levels
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| Pricing date: | July 18
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| Settlement date: | July 25
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| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 1.5%
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| Cusip: | 48129G372
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