Published on 10/3/2016 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $3.27 million 5% trigger yield autocallables tied to three indexes
By Susanna Moon
Chicago, Oct. 3 – JPMorgan Chase Financial Co. LLC priced $3.27 million of 5% trigger autocallable yield notes due Oct. 1, 2019 linked to the least performing of the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes will be called at par if each index closes at or above its initial level on any quarterly call date.
The payout at maturity will be par of $10 unless any index finishes below its trigger level, 50% of its initial level, in which case investors will be fully exposed to any losses of the worst performing index.
The notes are guaranteed by JPMorgan Chase & Co.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Trigger autocallable yield notes
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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| Amount: | $3.27 million
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| Maturity: | Oct. 1, 2019
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| Coupon: | 5%, payable quarterly
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| Price: | Par of $10
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| Call: | At par if each index closes at or above its initial level on any quarterly call date
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| Payout at maturity: | If each index finishes at or above trigger level, par; otherwise, full exposure to any losses of worst performing index
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| Initial levels: | 4,817.167 for Nasdaq, 1,240.938 for Russell and 2,146.10 for S&P
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| Trigger levels: | 2,408.584 for Nasdaq, 620.469 for Russell and 1,073.05 for S&P; 50% of initial levels
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| Pricing date: | Sept. 27
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| Settlement date: | Sept. 30
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| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
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| Fees: | 1.4%
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| Cusip: | 48128P209
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