Published on 4/5/2019 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $6.04 million capped gears linked to index basket
By Wendy Van Sickle
Columbus, Ohio, April 5 – JPMorgan Chase Financial Co. LLC priced $6.04 million of 0% capped gears due May 29, 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 contains the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei 225 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 greater than zero, the payout at maturity will be par plus triple the basket return, capped at $13.055 per $10 note. If the basket return is negative, investors will be exposed to the basket’s decline.
J.P. Morgan is the underwriter with UBS Financial Services Inc. as selling agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Capped gears
|
Underlying indexes: | Euro Stoxx 50 (40% weight), FTSE 100 (20% weight), Nikkei 225 (20% weight), Swiss Market (7.5% weight), S&P/ASX 200 (7.5% weight) and Hang Seng (5% weight)
|
Amount: | $6,044,250
|
Maturity: | May 29, 2020
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | If basket return is greater than zero, par plus three times basket return, capped at $13.0555 per $10 note; if basket return is negative, exposure to decline
|
Initial levels: | 3,322.04 for Euro Stoxx, 7,194.19 for FTSE, 21,378.73 for Nikkei, 9,390.59 for Swiss Market, 6,135.971 for S&P/ASX and 28,728.25 for Hang Seng
|
Pricing date: | March 27
|
Settlement date: | March 29
|
Underwriter: | J.P. Morgan with UBS Financial Services Inc. as selling agent
|
Fees: | 2%
|
Cusip: | 48130X349
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.