Published on 5/10/2018 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.79 million capped buffered return enhanced notes tied to index, ETF basket
By Wendy Van Sickle
Columbus, Ohio, May 10 – JPMorgan Chase Financial Co. LLC priced $1.79 million of 0% capped buffered return enhanced notes due April 25, 2019 linked to a basket of indexes and an exchange traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 70% weight, the Russell 2000 index with a 15% weight and the iShares MSCI EAFE ETF with a 15% weight.
The payout at maturity will be par plus 1.45 times any basket gain, up to a 17.23% maximum gain.
Investors will receive par if the basket falls by up to 15% and will lose 1% for each 1% decline beyond the buffer.
The notes are guaranteed by JPMorgan Chase & Co.
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 buffered return enhanced notes
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Basket components: | S&P 500 index (70% weight), Russell 2000 index (15% weight), iShares MSCI EAFE ETF (15% weight)
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Amount: | $1,792,000
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Maturity: | April 25, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any basket gain up to 17.23% maximum return; if basket falls by up to 15%, par; otherwise, 1% loss for each 1% decline beyond 15%
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Initial index levels: | 2,663.42 for S&P, 1,565.603 for Russell, $70.93 for EAFE
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Pricing date: | May 4
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Settlement date: | May 9
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.5%
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Cusip: | 48129MMQ6
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