Published on 7/6/2016 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $25.8 million capped enhanced participation notes on index basket
By Marisa Wong
Morgantown, W.Va., July 6 – JPMorgan Chase Financial Co. LLC priced $25.8 million of 0% capped enhanced participation notes due July 6, 2018 linked to a basket of five 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 three times the basket return, subject to a maximum payout of $1,355.50 for each $1,000 principal amount of notes. Investors will be fully exposed to any 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: | Capped enhanced participation equity notes
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Underlyings: | 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
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Amount: | $25,795,000
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Maturity: | July 6, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus three times any basket gain, capped at $1,355.50 for each $1,000 principal; full exposure to losses
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Initial index levels: | 2,883.06 for Euro Stoxx, 6,577.83 for FTSE, 1,254.44 for Topix, 8,085.21 for Swiss Market and 5,246.609 for S&P/ASX
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Pricing date: | July 1
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Settlement date: | July 11
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2%
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Cusip: | 46646EKF8
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