Published on 11/7/2017 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $635,000 five-year review notes linked to three indexes
By Wendy Van Sickle
Columbus, Ohio, Nov. 7 – JPMorgan Chase Financial Co. LLC priced $635,000 of 0% review notes due Nov. 3, 2022 linked to the least performing of the S&P 500 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 will be called at par plus a call premium of 15.25% per year if each index closes at or above its initial level on any annual review date.
The payout at maturity will be par unless any index finishes below its 70% trigger level, in which case investors will be fully exposed to any losses of the worst performing index.
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: | Review notes
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Underlying indexes: | S&P 500, Russell 2000, Euro Stoxx 50
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Amount: | $635,000
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Maturity: | Nov. 3, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par unless any index finishes below trigger level, in which case 1% loss for each 1% decline of worst performing index
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Call: | At par plus 15.25% per year if each index closes at or above initial level on any annual review date
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Initial levels: | 2,572.83 for S&P, 1,490.899 for Russell, 3,662.18 for Euro Stoxx
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Trigger levels: | 1,800.981 for S&P, 1,043.6293 for Russell, 2,563.526 for Euro Stoxx; 70% of initial levels
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Pricing date: | Oct. 30
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Settlement date: | Nov. 2
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.70079%
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Cusip: | 48129HHL4
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