Published on 5/21/2018 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $5.03 million capped enhanced participation notes tied to index basket
By Susanna Moon
Chicago, May 21 – JPMorgan Chase Financial Co. LLC priced $5.03 million of 0% capped enhanced participation notes due May 13, 2020 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.
The payout at maturity will be par plus triple any basket gain, up to a maximum settlement amount of $1,651 per $1,000 of notes.
Investors will be 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 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: | $5,025,000
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Maturity: | May 13, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 3 times any basket gain, capped at 65.1%; 1% loss per 1% decline
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Initial index levels: | 3,569.74 for Euro Stoxx 50, 7,662.52 for FTSE 100; 1,772.91 for Topix; 8,984.1 for Swiss Market; 6,108.024 for S&P/ASX 200
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Pricing date: | May 9
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Settlement date: | May 16
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2%
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Cusip: | 48129MRQ1
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