Published on 11/21/2016 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $732,000 buffered return enhanced notes linked to EAFE ETF, S&P, Russell
By Angela McDaniels
Tacoma, Wash., Nov. 21 – JPMorgan Chase Financial Co. LLC priced $732,000 of 0% capped buffered return enhanced notes due Nov. 23, 2018 linked to a basket consisting of the S&P 500 index with a 70% weight, the Russell 2000 index with a 15% weight and the iShares MSCI EAFE exchange-traded fund with a 15% weight, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the basket return is positive, the payout at maturity will be par plus two times the basket return, subject to a maximum return of 18.25%. Investors will receive par if the basket declines by 12% or less and will lose 1% for every 1% that the basket may decline beyond 12%.
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 return enhanced notes
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Underlying basket: | S&P 500 index (70% weight), Russell 2000 index (15% weight) and iShares MSCI EAFE ETF (15% weight)
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Amount: | $732,000
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Maturity: | Nov. 23, 2018
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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 two times basket return, subject to 18.25% maximum return; par if basket declines by 12% or less; 1% loss for every 1% that basket may decline beyond 12%
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Initial levels: | 2,187.12 for S&P 500, 1,309.484 for Russell 2000 and $56.82 for iShares MSCI EAFE
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Pricing date: | Nov. 17
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Settlement date: | Nov. 22
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.5%
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Cusip: | 46646E3E0
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