Published on 9/17/2018 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $10.01 million trigger gears on basket of six indexes
By Marisa Wong
Morgantown, W.Va., Sept. 17 – JPMorgan Chase Financial Co. LLC priced $10.01 million of 0% trigger gears due Aug. 31, 2023 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 40% weight, the Nikkei 225 index with a 20% weight, the FTSE 100 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 2.3 times any basket gain.
Investors will receive par if the basket falls by up to 50% and be fully exposed to any losses if it finishes below its 50% downside threshold.
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 basket: | Euro Stoxx 50 index (40% weight), Nikkei 225 index (20% weight), FTSE 100 index (20% weight), Swiss Market index (7.5% weight), S&P/ASX 200 index (7.5% weight) and Hang Seng index (5% weight)
|
| Amount: | $10,012,560
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| Maturity: | Aug. 31, 2023
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| Coupon: | 0%
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| Price: | Par of $10
|
| Payout at maturity: | Par plus 2.3 times any basket gain; par if basket falls by up to 50%; otherwise, full exposure to any losses
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| Initial values: | 3,456.13 for Stoxx, 22,848.22 for Nikkei, 7,563.21 for FTSE, 9,083.84 for Swiss, 6,352.236 for S&P/ASX, 28,416.44 for Hang Seng
|
| Pricing date: | Aug. 29
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| Settlement date: | Aug. 31
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 3.5%
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| Cusip: | 48129N237
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