Published on 9/8/2017 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $2.67 million trigger gears linked to Euro Stoxx
By Marisa Wong
Morgantown, W.Va., Sept. 8 – JPMorgan Chase Financial Co. LLC priced $2.67 million of 0% trigger gears due Aug. 31, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index return is greater than zero, the payout at maturity will be par of $10 plus 2.01 times the index return. Investors will receive par if the index declines by 25% or less and have one-to-one exposure to the index’s decline from its initial level if it declines by more than 25%.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Trigger gears
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Underlying index: | Euro Stoxx 50
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Amount: | $2,673,980
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Maturity: | Aug. 31, 2020
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If the index return is greater than zero, par plus 2.01 times index gain; par if index declines by 25% or less; one-to-one exposure to index’s decline from its initial level if it declines by more than 25%
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Initial level: | 3,388.22
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Downside threshold: | 2,541.17, 75% of initial level
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Pricing date: | Aug. 29
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Settlement date: | Aug. 31
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Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 48129J707
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