Published on 10/28/2016 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $3.78 million capped gears linked to energy fund
By Angela McDaniels
Tacoma, Wash., Oct. 28 – JPMorgan Chase Financial Co. LLC priced $3.78 million of 0% capped gears due Dec. 29, 2017 linked to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the fund return is greater than zero, the payout at maturity will be par of $10 plus three times the fund return, subject to a maximum gain of 21.5%. If the fund return is negative, investors will be exposed to the fund’s decline.
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: | Capped gears
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Underlying ETF: | Energy Select Sector SPDR Fund
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Amount: | $3,777,250
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Maturity: | Dec. 29, 2017
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If fund return is greater than zero, par plus three times fund return, subject to 21.5% maximum gain; if fund return is negative, exposure to decline
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Initial share price: | $69.82
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Pricing date: | Oct. 26
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Settlement date: | Oct. 31
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Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
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Fees: | 2%
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Cusip: | 48128P829
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