Published on 4/20/2018 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $4.70 million buffered enhanced notes on index basket
By Marisa Wong
Morgantown, W.Va., April 20 – JPMorgan Chase Financial Co. LLC priced $4,695,000 of 0% buffered enhanced participation notes due March 31, 2022 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 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 2.1 times the basket return. Investors will receive par if the basket declines by 20% or less and will lose 1.25% for every 1% that it declines beyond 20%.
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: | Buffered enhanced participation notes
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Underlying indexes: | Euro Stoxx 50 (37% weight), FTSE 100 (23% weight), Topix (23% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
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Amount: | $4,695,000
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Maturity: | March 31, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If basket return is positive, par plus 2.1 times basket return; par if basket declines by 20% or less; 1.25% loss for every 1% that basket declines beyond 20%
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Initial levels: | 3,361.50 for Euro Stoxx, 7,056.61 for FTSE, 1,704.00 for Topix, 8,740.97 for Swiss Market and 5,759.365 for S&P/ASX
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Pricing date: | March 29
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Settlement date: | April 5
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Agent: | J.P. Morgan Securities LLC
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Fees: | 4.23%
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Cusip: | 48129MFM3
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