Published on 2/12/2018 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $18.39 million five-year trigger gears on six indexes
By Susanna Moon
Chicago, Feb. 12 – JPMorgan Chase Financial Co. LLC priced $18.39 million of 0% trigger gears due Jan. 31, 2023 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 40% weight, the Nikkei 225 index with a 20% weight, the FTSE 100 index with a 20% weight, the S&P/ASX 200 index with a 7.5% weight, the Swiss Market index with a 7.5% weight and the Hang Seng index with a 5% weight.
The payout at maturity will be par of $10 plus 2.4 times any basket gain.
Investors will receive par if the basket falls by up to 20% and be fully exposed to any losses if it finishes below its 80% trigger level.
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 gears
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| Underlying indexes: | Euro Stoxx 50 (40% weight), Nikkei 225 (20% weight), FTSE 100 (20% weight), S&P/ASX 200 (7.5% weight), Swiss Market (7.5% weight) and Hang Seng (5% weight)
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| Amount: | $18,391,370
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| Maturity: | Jan. 31, 2023
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 2.4 times any basket gain; par if basket falls by 20% or less; otherwise, 1% loss per 1% decline
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| Initial levels: | 3,643.04 for Stoxx, 23,629.34 for Nikkei, 7,671.53 for FTSE, 6,075.409 for S&P/ASX, 9,457.27 for Swiss Market and 32,966.89 for Hang Seng
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| Trigger levels: | 80% of initial levels
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| Pricing date: | Jan. 29
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| Settlement date: | Jan. 31
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| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
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| Fees: | 3.5%
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| Cusip: | 48129K464
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