Published on 11/16/2018 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $470,000 part-protected notes tied to index, fund basket
By Susanna Moon
Chicago, Nov. 16 – JPMorgan Chase Financial Co. LLC priced $470,000 of 0% notes due Oct. 31, 2023 linked to a basket of three indexes and exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index, the Russell 2000 index, the S&P 100 index and the iShares MSCI Emerging Markets ETF, weighted equally.
If the basket finishes at or above its initial level, the payout at maturity will be par plus 1.08 times the gain.
If the basket falls by up to 5%, the payout will be par.
Otherwise, the payout will be par plus the return with a minimum payout of 95% of par.
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: | Notes
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| Underlying basket: | Euro Stoxx 50 index, Russell 2000 index, S&P 500 index and iShares MSCI Emerging Markets ETF, equally weighted
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| Amount: | $470,000
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| Maturity: | Oct. 31, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.08 times of any basket gain; if basket falls, par plus return, floor of 95% of par
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| Initial levels: | 3,197.51 for Stoxx, 1,511.413 for Russell, 2,711.74 for S&P and $39.16 for fund
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| Pricing date: | Oct. 31
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| Settlement date: | Nov. 5
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| Agents: | J.P. Morgan Securities LLC
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| Fees: | 0.57314%
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| Cusip: | 48130U4D4
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