Published on 3/13/2017 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $5.12 million capped buffered enhanced notes on indexes
By Marisa Wong
Morgantown, W.Va., March 13 – JPMorgan Chase Financial Co. LLC priced $5.12 million of 0% capped buffered enhanced participation notes due April 11, 2018 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.
If the basket return is positive, the payout at maturity will be par plus 1.5 times the basket gain, subject to a maximum payout of $1,122.25 per $1,000 note. Investors will receive par if the basket falls by up to 10% and will lose 1.1111% for each 1% decline in the basket beyond 10%.
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 buffered enhanced participation notes
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Underlying indexes: | Euro Stoxx 50 (37% initial weight), FTSE 100 (23% initial weight), Topix (23% initial weight), Swiss Market (9% initial weight) and S&P/ASX 200 (8% initial weight)
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Amount: | $5,122,000
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Maturity: | April 11, 2018
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus 1.5 times any basket gain, return capped at 12.225%; par if basket falls by up to 10%; 1.1111% loss for every 1% drop beyond 10%
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Initial levels: | 3,387.46 for Euro Stoxx, 7,350.12 for FTSE, 1,554.90 for Topix, 8,664.80 for Swiss Market and 5,746.510 for S&P/ASX
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Pricing date: | March 6
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Settlement date: | March 13
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 46646QJ30
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