Published on 4/5/2019 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $6.04 million capped gears linked to index basket
By Wendy Van Sickle
Columbus, Ohio, April 5 – JPMorgan Chase Financial Co. LLC priced $6.04 million of 0% capped gears due May 29, 2020 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 contains the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei 225 index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.
If the basket return is greater than zero, the payout at maturity will be par plus triple the basket return, capped at $13.055 per $10 note. If the basket return is negative, investors will be exposed to the basket’s decline.
J.P. Morgan is the underwriter with UBS Financial Services Inc. as selling agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped gears
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| Underlying indexes: | Euro Stoxx 50 (40% weight), FTSE 100 (20% weight), Nikkei 225 (20% weight), Swiss Market (7.5% weight), S&P/ASX 200 (7.5% weight) and Hang Seng (5% weight)
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| Amount: | $6,044,250
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| Maturity: | May 29, 2020
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If basket return is greater than zero, par plus three times basket return, capped at $13.0555 per $10 note; if basket return is negative, exposure to decline
|
| Initial levels: | 3,322.04 for Euro Stoxx, 7,194.19 for FTSE, 21,378.73 for Nikkei, 9,390.59 for Swiss Market, 6,135.971 for S&P/ASX and 28,728.25 for Hang Seng
|
| Pricing date: | March 27
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| Settlement date: | March 29
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| Underwriter: | J.P. Morgan with UBS Financial Services Inc. as selling agent
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| Fees: | 2%
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| Cusip: | 48130X349
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