Published on 1/3/2018 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.28 million three-year trigger gears on six indexes
By Susanna Moon
Chicago, Jan. 3 – JPMorgan Chase Financial Co. LLC priced $1.28 million of 0% trigger gears due Dec. 31, 2020 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket contains the Euro Stoxx 50 index with a 40% weight, the Nikkei 225 index with a 20% weight, the FTSE 100 index with a 20% weight, the S&P/ASX 200 index with a 7.5% weight, the Swiss Market index with a 7.5% weight and the Hang Seng index with a 5% weight.
If the basket finishes at or above its initial level, the payout at maturity will be par of $10 plus 2.08 times the return.
Investors will receive par if the basket falls by up to 25% and be fully exposed to any losses if it finishes below its 75% trigger level.
The notes are guaranteed by JPMorgan Chase & Co.
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 indexes: | Euro Stoxx 50 (40% weight), Nikkei 225 (20% weight), FTSE 100 (20% weight), S&P/ASX 200 (7.5% weight), Swiss Market (7.5% weight) and Hang Seng (5% weight)
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| Amount: | $1,279,700
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| Maturity: | Dec. 31, 2020
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If basket gains, par plus 2.08 times return; par if basket falls by 25% or less; otherwise, 1% loss per 1% decline
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| Initial levels: | 3,550.17 for Stoxx, 22,911.21 for Nikkei, 7,620.68 for FTSE, 9,430.44 for S&P/ASX, 6,069.873 for Swiss Market and 29,597.66 for Hang Seng
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| Trigger levels: | 75% of initial levels
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| Pricing date: | Dec. 27
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| Settlement date: | Dec. 29
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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: | 48129K613
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