Published on 1/20/2017 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $41.12 million capped enhanced participation notes on index basket
By Marisa Wong
Morgantown, W.Va., Jan. 20 – JPMorgan Chase Financial Co. LLC priced $41.12 million of 0% capped enhanced participation notes due July 23, 2018 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 consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% 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 positive, the payout at maturity will be par plus triple the basket return, subject to a maximum settlement amount of $1,294 per $1,000 principal amount. If the basket return is negative, investors will have one-to-one exposure to the decline.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Capped enhanced participation notes
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Underlying indexes: | Euro Stoxx 50 (37% weight), FTSE 100 (23% weight), Topix (23% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
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Amount: | $41,115,000
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Maturity: | July 23, 2018
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | If basket return is positive, par plus 3 times basket return, subject to maximum settlement amount of $1,294 per note; one-to-one exposure to any basket decline
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Initial levels: | 3,294.00 for Euro Stoxx, 7,247.61 for FTSE, 1,513.86 for Topix, 8,312.42 for Swiss Market and 5,678.754 for S&P/ASX
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Pricing date: | Jan. 18
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Settlement date: | Jan. 25
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.67%
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Cusip: | 46646QUB9
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