Published on 10/4/2019 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2 million capped enhanced participation notes linked to indexes
By Angela McDaniels
Tacoma, Wash., Oct. 4 – JPMorgan Chase Financial Co. LLC priced $2 million of 0% capped enhanced participation notes due Nov. 29, 2021 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
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 19% weight, the Swiss Market index with a 10% weight and the S&P/ASX 200 index with an 8% weight.
If the basket return is positive, the payout at maturity will be par plus three times the basket return, subject to a maximum settlement amount of $1,630 per $1,000 principal amount of notes. If the basket return is negative, investors will have one-to-one exposure to the decline.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped enhanced participation notes
|
| Underlying indexes: | Euro Stoxx 50 (36% weight), Topix (27% weight), FTSE 100 (19% weight), Swiss Market (10% weight) and S&P/ASX 200 (8% weight)
|
| Amount: | $2 million
|
| Maturity: | Nov. 29, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket return is positive, par plus three times basket return, subject to maximum settlement amount of $1,630 per note; one-to-one exposure to any basket decline
|
| Initial levels: | 3,513.03 for Euro Stoxx 50, 1,620.08 for Topix, 7,289.99 for FTSE 100, 9,914.82 for Swiss Market and 6,710.223 for S&P/ASX 200
|
| Pricing date: | Sept. 25
|
| Settlement date: | Oct. 2
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.17%
|
| Cusip: | 48132FLV6
|
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