Published on 9/13/2019 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $5.93 million digital buffered notes linked to index basket
By Sarah Lizee
Olympia, Wash., Sept. 13 – JPMorgan Chase Financial Co. LLC priced $5.93 million of 0% digital buffered equity notes due Sept. 14, 2022 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 36% weight, the Topix index with a 27% weight, the FTSE 100 index with a 20% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
If the basket return is zero or positive, the payout at maturity will be par plus the greater of the basket return and 32.15%. Investors will receive par if the basket declines by 10% or less and will lose 1.1111% for every 1% that the basket may decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Digital buffered equity notes
|
| Underlying indexes: | Euro Stoxx 50 (36% weight), Topix (27% weight), FTSE 100 (20% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
|
| Amount: | $5.93 million
|
| Maturity: | Sept. 14, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket return is zero or positive, par plus greater of basket return and 32.15%; par if basket declines by 10% or less; 1.1111% loss for every 1% that basket declines beyond 10%
|
| Initial levels: | 3,498.99 for Euro Stoxx 50; 1,557.99 for Topix; 7,267.95 for FTSE 100; 10,020.48 for Swiss Market and 6,614.056 for S&P/ASX 200
|
| Pricing date: | Sept. 10
|
| Settlement date: | Sept. 17
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3%
|
| Cusip: | 48132FKT2
|
© 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.
