Published on 8/29/2017 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.13 million capped buffered return enhanced notes on indexes, ETF
By Wendy Van Sickle
Columbus, Ohio, Aug. 29 – JPMorgan Chase Financial Co. LLC priced $1.13 million of 0% capped buffered return enhanced notes due Aug. 29, 2019 linked to a basket of indexes and a fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
The basket consists 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.
If the basket return is positive, the payout at maturity will be par plus 2 times the basket return, up to a maximum return of 14%. Investors will receive par if the basket declines by 12% or less and will lose 1% for each 1% decline beyond 12%.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Capped buffered return enhanced notes
|
Underliers: | S&P 500 index with a 70% weight, Russell 2000 index with a 15% weight and iShares MSCI EAFE exchange-traded fund with a 15% weight
|
Amount: | $1,128,000
|
Maturity: | Aug. 29, 2019
|
Coupon: | 0%
|
Price: | Par of $1,000
|
Payout at maturity: | Par plus 200% of any basket gain, capped at 14%; par if basket declines by 12% or less; 1% loss for each 1% decline beyond 12%
|
Initial levels: | 2,443.05 for S&P 500, 1,377.453 for Russell 20000, $66.75 for iShares MSCI EAFE
|
Pricing date: | Aug. 25
|
Settlement date: | Aug. 30
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 0.5%
|
Cusip: | 46647MK69
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.