Published on 12/28/2018 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $12.93 million capped buffered enhanced notes on basket
By Wendy Van Sickle
Columbus, Ohio, Dec. 28 – JPMorgan Chase Financial Co. LLC priced $12.93 million of 0% capped buffered enhanced participation notes due Jan. 21, 2021 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 36% weight, the Topix index with a 27% weight, the FTSE 100 index with a 20% 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 three times the basket return, subject to a maximum settlement amount of $1,339 per $1,000 of notes. Investors will receive par if the basket declines by 15% or less and will lose 1.1765% for every 1% that it declines beyond 15%.
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 (36% weight), Topix (27% weight), FTSE 100 (20% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
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| Amount: | $12.93 million
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| Maturity: | Jan. 21, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If basket return is positive, par plus three times basket return, capped at $1,339 per $1,000 of notes; par if basket declines by 15% or less; 1.1765% loss for every 1% that basket declines beyond 15%
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| Initial levels: | 3,051.38 for Stoxx, 1,556.15 for Topix, 6,765.94 for FTSE, 8,540.16 for Swiss Market, 5,580.596 for S&P/ASX
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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: | 2.08%
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| Cusip: | 48130WLH2
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