Published on 7/7/2017 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $8.39 million capped buffered return enhanced notes on indexes, ETF
By Wendy Van Sickle
Columbus, Ohio, July 7 – JPMorgan Chase Financial Co. LLC priced $8.39 million of 0% capped buffered return enhanced notes due July 5, 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 50% weight, the Euro Stoxx 50 index with a 30% weight and the iShares MSCI Emerging Markets exchange-traded fund with a 20% weight.
If the basket return is positive, the payout at maturity will be par plus 1.5 times the basket return, up to a maximum return of 19%. Investors will receive par if the basket declines by 18% or less and will lose 1% for each 1% decline beyond 18%.
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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Underliers: | S&P 500 index with a 50% weight, Euro Stoxx 50 index with a 30% weight and iShares MSCI Emerging Markets exchange-traded fund with a 20% weight
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Amount: | $8,385,000
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Maturity: | July 5, 2019
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus 150% of any basket gain, capped at 19%; par if basket declines by 18% or less; 1% loss for each 1% decline beyond 18%
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Initial levels: | 2,423.41 for S&P 500, 3,441.88 for Euro Stoxx 50, $41.39 for iShares MSCI Emerging Markets
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Pricing date: | June 30
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Settlement date: | July 6
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.34761%
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Cusip: | 46647MVQ3
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