Published on 10/12/2017 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.59 million return notes linked to basket of 11 stocks
By Marisa Wong
Morgantown, W.Va., Oct. 12 – JPMorgan Chase Financial Co. LLC priced $1.59 million of 0% return notes due Oct. 24, 2018 linked to an equally weighted basket of 11 stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
The underlying companies are United Rentals, Inc., Southwest Airlines Co., Home Depot, Inc., Walt Disney Co., Costco Wholesale Corp., AT&T Inc., Comerica Inc., Starbucks Corp., Bank of America Corp., Honeywell International Inc. and Pioneer Natural Resources Co.
The payout at maturity will be par plus the basket return. If the basket declines, investors will be exposed to losses.
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: | Return notes
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| Underlying basket: | United Rentals, Inc. (Symbol: URI), Southwest Airlines Co. (Symbol: LUV), Home Depot, Inc. (Symbol: HD), Walt Disney Co. (Symbol: DIS), Costco Wholesale Corp. (Symbol: COST), AT&T Inc. (Symbol: T), Comerica Inc. (Symbol: CMA), Starbucks Corp. (Symbol: SBUX), Bank of America Corp. (Symbol: BAC), Honeywell International Inc. (Symbol: HON) and Pioneer Natural Resources Co. (Symbol: PXD); equally weighted
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| Amount: | $1.59 million
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| Maturity: | Oct. 24, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus basket return, with full exposure to any losses
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| Initial prices: | $142.24 for United Rentals, $58.44 for Southwest, $165.85 for Home Depot, $100.07 for Walt Disney, $157.09 for Costco, $38.59 for AT&T, $76.92 for Comerica, $55.17 for Starbucks, $26.21 for Bank of America, $143.62 for Honeywell, $150.47 for Pioneer
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| Pricing date: | Oct. 6
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| Settlement date: | Oct. 12
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.5%
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| Cusip: | 46647MNV1
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