Published on 2/28/2019 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $7.48 million trigger gears linked to six indexes
By Angela McDaniels
Tacoma, Wash., Feb. 28 – JPMorgan Chase Financial Co. LLC priced $7.48 million of 0% trigger gears due Feb. 29, 2024 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 includes 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.
If the basket return is positive, the payout at maturity will be par of $10 plus 2.9 times the basket return. If the basket declines by up to 35%, the payout will be par. If the basket declines beyond 35%, investors will lose 1% for every 1% that the basket declines from its initial level.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Trigger gears
|
| Underlying indexes: | Euro Stoxx 50 (40% weight), Nikkei 225 (20% weight), FTSE 100 (20% weight), Swiss Market (7.5% weight), S&P/ASX 200 (7.5% weight) and Hang Seng (5% weight)
|
| Amount: | $7,479,140
|
| Maturity: | Feb. 29, 2024
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If basket return is positive, par plus 2.9 times basket return; if basket declines by up to 35%, par; if basket declines beyond 35%, 1% loss for every 1% that basket declines from initial level
|
| Initial levels: | 3,289.32 for Euro Stoxx 50; 21,449.39 for Nikkei 225; 7,151.12 for FTSE 100; 9,461.21 for Swiss Market; 6,128.391 for S&P/ASX 200 and 28,772.06 for Hang Seng
|
| Downside threshold: | 65% of initial basket level
|
| Pricing date: | Feb. 26
|
| Settlement date: | Feb. 28
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 3.5%
|
| Cusip: | 48130X646
|
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