Published on 12/23/2016 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $4.23 million capped enhanced participation notes on index basket
By Wendy Van Sickle
Columbus, Ohio, Dec. 23 – JPMorgan Chase Financial Co. LLC priced $4.23 million of 0% capped enhanced participation notes due Jan. 13, 2020 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus triple any basket gain, up to a maximum settlement amount of $1,685.50 per $1,000 principal amount of notes.
Investors will be exposed to any losses.
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: | Capped enhanced participation notes
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Underlying indexes: | Euro Stoxx 50 (37% weight), FTSE 100 (23% weight), Topix (23% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
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Amount: | $4,234,000
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Maturity: | Jan. 13, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus triple any basket gain, up to $1,685.50 per $1,000 note; exposure to any losses
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Initial levels: | 3,257.85 for Euro Stoxx 50, 7,017.16 for FTSE 100, 1,549.06 for Topix, 8,234.49 for Swiss Market and 5,562.082 for S&P/ASX 200
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Pricing date: | Dec. 19
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Settlement date: | Dec. 27
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Agent: | J.P. Morgan Securities LLC
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Fees: | 3.07%
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Cusip: | 46646QEK7
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