Published on 1/4/2017 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $5.87 million capped buffered enhanced participation notes on basket
By Wendy Van Sickle
Columbus, Ohio, Jan. 4 – JPMorgan Chase Financial Co. LLC priced $5.87 million of 0% capped buffered enhanced participation notes due July 3, 2018 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 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% 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 3 times the basket return, subject to a maximum payout of $1,169.50 per $1,000 note. If the basket return is negative, investors will receive par if the basket falls by up to 10% and will lose 1.1111% for each 1% loss in the basket beyond 10%.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Capped buffered enhanced participation notes
|
Underlying indexes: | Euro Stoxx 50 (37% weight), FTSE 100 (23% weight), Topix (23% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
|
Amount: | $5,872,000
|
Maturity: | July 3, 2018
|
Coupon: | 0%
|
Price: | Par of $1,000
|
Payout at maturity: | If basket return is positive, par plus 3 times basket return up to $1,169.50 per $1,000 note; par if basket falls by up to 10%; 1.1111% loss for each 1% basket loss beyond 10%
|
Initial levels: | 3,278.72 for Euro Stoxx, 7,106.08 for FTSE, 1,536.80 for Topix, 8,256.61 for Swiss Market and 5,685.023 for S&P/ASX
|
Pricing date: | Dec. 28
|
Settlement date: | Jan. 5
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 1.33%
|
Cusip: | 46646QFY6
|
|
© 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.