Published on 9/30/2019 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.45 million of trigger gears linked to index basket
By Devika Patel
Knoxville, Tenn., Sept. 30 – JPMorgan Chase Financial Co. LLC priced $2.45 million of 0% trigger gears due Sept. 30, 2022 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 includes the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei 225 index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.
If the basket finishes above the initial level, the payout at maturity will be par of $10 plus 2.463 times the gain.
If the basket falls but finishes at or above the 75% downside threshold level, the payout will be par.
If the basket falls by more than 25%, investors will lose 1% for each 1% decline from the initial level.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Trigger gears
|
| Underlying indexes: | Euro Stoxx 50 (40% weight), FTSE 100 (20% weight), Nikkei 225 index (20% weight), Swiss Market (7.5% weight), S&P/ASX 200 (7.5% weight) and Hang Seng (5% weight)
|
| Amount: | $2,450,800
|
| Maturity: | Sept. 30, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 2.463 times any basket gain; par if basket declines by 25% or less; 1% loss for each 1% decline from initial level if basket falls beyond 25%
|
| Initial levels: | 3,532.18 for Euro Stoxx 50, 7,351.08 for FTSE 100, 22,048.24 for Nikkei, 10,010.71 for Swiss Market, 6,677.581 for S&P/ASX 200 and 26,041.93 for Hang Seng
|
| Downside thresholds: | 75% of initial levels
|
| Pricing date: | Sept. 26
|
| Settlement date: | Sept. 30
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48132G757
|
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