Published on 6/4/2018 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $4.91 million 8.85% contingent yield trigger autocalls on three indexes
By Susanna Moon
Chicago, June 4 – JPMorgan Chase Financial Co. LLC priced $4.91 million of trigger autocallable contingent yield notes due May 26, 2021 linked to the lesser performing of the Nikkei 225 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes pay a contingent quarterly coupon at an annual rate of 8.85% if each index closes at or above its 70% coupon barrier on the observation date for that quarter.
The notes will be called at par if each index closes at or above its initial level on any observation date after six months.
The payout at maturity will be par unless any index finishes below its 70% downside threshold, in which case investors will lose 1% for each 1% decline of the worst performing index.
UBS Financial Services Inc. is the placement agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Trigger autocallable contingent yield notes
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| Underlying indexes: | Nikkei 225 index, Russell 2000 index and Euro Stoxx 50 index
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| Amount: | $4,910,750
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| Maturity: | May 26, 2021
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| Coupon: | 8.85% annualized, payable quarterly if each index closes at or above its 70% coupon barrier on observation date for that quarter
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| Price: | Par
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| Payout at maturity: | If each index finishes at or above downside threshold, par; otherwise, 1% loss per 1% decline of worse performing index
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| Call: | At par if each index closes at or above its initial level on any observation date beginning Nov. 26, 2018
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| Initial levels: | 22,437.01 for Nasdaq, 1,628.222 for Russell and 3,521.76 for Stoxx
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| Downside thresholds: | 15,705.91 for Nasdaq, 1,139.755 for Russell and 2,465.23 for Stoxx, 70% of initial levels
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| Pricing date: | May 24
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| Settlement date: | May 30
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| Agent: | UBS Financial Services Inc.
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| Fees: | 2%
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| Cusip: | 48129N732
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