Published on 12/8/2017 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $345,000 capped buffer gears tied to index basket
By Susanna Moon
Chicago, Dec. 8 – JPMorgan Chase Financial Co. LLC priced $345,000 of 0% capped buffer gears due Nov. 29, 2019 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
The basket consists of 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.
The payout at maturity will be par of $10 plus 5 times any basket gain, up to the maximum return of 22.5%.
Investors will receive par if the basket falls by up to 10% and will be exposed to any losses beyond the buffer.
J.P. Morgan Securities LLC is the agent with UBS Financial Services Inc. as dealer.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Capped buffer gears
|
Underlying basket: | Euro Stoxx 50 index (40% weight), FTSE 100 index (20% weight), Nikkei 225 index (20% weight), Swiss Market index (7.5% weight), S&P/ASX 200 index (7.5% weight) and Hang Seng index (5% weight)
|
Amount: | $345,000
|
Maturity: | Nov. 29, 2019
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus 500% of any basket gain, capped at 22.5%; par if basket declines by 10% or less; 1% loss per 1% decline beyond 10%
|
Initial levels: | 3,583.49 for Stoxx, 7,460.65 for FTSE, 22,486.24 for Nikkei, 9,320.44 for Swiss Market, 5,984.25 for S&P/ASX and 29,680.85 for Hang Seng
|
Pricing date: | Nov. 28
|
Settlement date: | Nov. 30
|
Agent: | J.P. Morgan Securities LLC
|
Dealer: | UBS Financial Services Inc.
|
Fees: | None
|
Cusip: | 48129K878
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.