Published on 1/10/2017 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $9.38 million capped buffered enhanced notes on indexes
By Marisa Wong
Morgantown, W.Va., Jan. 10 – JPMorgan Chase Financial Co. LLC priced $9.38 million of 0% capped buffered enhanced participation notes due Jan. 10, 2019 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 1.5 times the basket return, subject to a maximum payout of $1,327 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.
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| Issue: | Capped buffered enhanced participation notes
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| Underlying indexes: | Euro Stoxx 50 (37% initial weight), FTSE 100 (23% initial weight), Topix (23% initial weight), Swiss Market (9% initial weight) and S&P/ASX 200 (8% initial weight)
|
| Amount: | $9,377,000
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| Maturity: | Jan. 10, 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 1.5 times any basket gain, return capped at 32.7%; par if basket falls by up to 10%; 1.1111% loss for every 1% drop beyond 10%
|
| Initial levels: | 3,321.17 for Euro Stoxx, 7,210.05 for FTSE, 1,553.32 for Topix, 8,417.46 for Swiss Market and 5,755.581 for S&P/ASX
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| Pricing date: | Jan. 6
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| Settlement date: | Jan. 13
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2%
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| Cusip: | 46646QNT8
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