Published on 4/25/2017 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $4.79 million capped buffered enhanced notes on S&P 500
By Marisa Wong
Morgantown, W.Va., April 25 – JPMorgan Chase Financial Co. LLC priced $4.79 million of 0% capped buffered enhanced participation equity notes due Feb. 22, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index return is positive, the payout at maturity will be par plus 1.4 times the index gain, subject to a maximum payout of $1,201.60 per $1,000 of notes. Investors will receive par if the index falls by 10% or less and will lose 1.1111% for each 1% that it declines beyond 10%.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Capped buffered enhanced participation equity notes
|
Underlying index: | S&P 500
|
Amount: | $4,792,000
|
Maturity: | Feb. 22, 2019
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 1.4 times any index gain, capped at $1,201.60 per $1,000 of notes; par if index falls by up to 10%; 1.1111% loss for each 1% index decline beyond 10%
|
Initial level: | 2,349.01
|
Pricing date: | April 17
|
Settlement date: | April 24
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | None
|
Cusip: | 46646QPY5
|
|
© 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.