Published on 6/14/2018 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $3.62 million capped buffered enhanced notes on indexes
By Sarah Lizee
Olympia, Wash., June 14 – JPMorgan Chase Financial Co. LLC priced $3.62 million of 0% capped buffered enhanced participation notes due June 16, 2020 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
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.
The notes will be guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 3 times any basket gain up to a maximum settlement amount of $1,322.50 per $1,000 principal amount of notes.
Investors will receive par if the basket falls by up to 10% and will lose 1.1111% for each 1% decline 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: | $3,615,000
|
| Maturity: | June 16, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 3 times any basket gain, up to a maximum settlement amount of $1,322.50 per $1,000 of notes; par if basket falls by up to 10%; 1.1111% loss per 1% decline beyond 10%
|
| Initial index levels: | 3,475.58 for Euro Stoxx 50, 7,703.81 for FTSE 100; 1,792.82 for Topix; 8,640.8 for Swiss Market; 6,054.437 for S&P/ASX 200
|
| Pricing date: | June 12
|
| Settlement date: | June 19
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48129MZH2
|
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