Published on 4/21/2017 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $6.4 million capped enhanced participation notes tied to basket
By Devika Patel
Knoxville, Tenn., April 21 – JPMorgan Chase Financial Co. LLC priced $6.4 million of 0% capped enhanced participation equity notes due July 9, 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 triple the index return, subject to a maximum payout of $1,301.50 per $1,000 of notes. If the basket return is negative, investors will lose 1% for each 1% decline.
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 enhanced participation equity notes
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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)
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Amount: | $6.4 million
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Maturity: | July 9, 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 triple the return, up to maximum settlement amount of $1,301.50 per $1,000 of notes; if basket return is negative, 1% loss for each 1% decline
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Initial levels: | 3,420.99 for Euro Stoxx, 7,114.36 for FTSE, 1,471.42 for Topix, 8,532.27 for Swiss Market and 5,804.010 for S&P/ASX
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Pricing date: | April 19
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Settlement date: | April 26
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 46646QQN8
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