Published on 9/6/2019 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.16 million capped buffer gears tied to index basket
By Sarah Lizee
Olympia, Wash., Sept. 6 – JPMorgan Chase Financial Co. LLC priced $1.16 million of 0% capped buffer gears due Aug. 31, 2021 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 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 of $10 plus two times the basket return, subject to a maximum return of 31%. Investors will receive par if the basket declines by 10% or less and will lose 1% for every 1% that the basket declines beyond 10%.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffer gears
|
| Underlying basket: | 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: | $1,160,500
|
| Maturity: | Aug. 31, 2021
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If basket return is greater than zero, par plus two times basket return, subject to maximum return of 31%; par if basket declines by 10% or less; 1% loss for every 1% that basket declines beyond 10%
|
| Initial levels: | 3,365.38 for Stoxx, 20,479.42 for Nikkei, 7,114.71 for FTSE, 6,500.640 for S&P/ASX, 9,758.19 for Swiss, 25,615.48 for Hang Seng
|
| Pricing date: | Aug. 28
|
| Settlement date: | Aug. 30
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48132E117
|
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