Published on 3/6/2017 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $85.86 million capped enhanced participation notes tied to basket
By Devika Patel
Knoxville, Tenn., March 6 – JPMorgan Chase Financial Co. LLC priced $85.86 million of 0% capped enhanced participation equity notes due Sept. 7, 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 double the index return, subject to a maximum payout of $1,523 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
|
| 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)
|
| Amount: | $85,855,000
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| Maturity: | Sept. 7, 2018
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If basket return is positive, par plus double the return, up to maximum settlement amount of $1,523 per $1,000 of notes; if basket return is negative, 1% loss for each 1% decline
|
| Initial levels: | 3,384.71 for Euro Stoxx, 7,382.35 for FTSE, 1,564.69 for Topix, 8,661.63 for Swiss Market and 5,776.588 for S&P/ASX
|
| Pricing date: | March 2
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| Settlement date: | March 9
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.33%
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| Cusip: | 46646QLS2
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