Published on 4/30/2019 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.57 million buffered return enhanced notes linked to basket
By Angela McDaniels
Tacoma, Wash., April 30 – JPMorgan Chase Financial Co. LLC priced $2.57 million of 0% capped buffered return enhanced notes due July 30, 2020 linked to a basket consisting of the S&P 500 index with a 42% weight, the iShares MSCI EAFE exchange-traded fund with a 25% weigh, the Russell 2000 index with an 18% weight and the iShares MSCI Emerging Markets exchange-traded fund with a 15% weight, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the basket return is positive, the payout at maturity will be par plus 1.5 times the basket return, subject to a maximum return of 12.25%. Investors will receive par if the basket declines by 10% or less and will lose 1% for every 1% that the basket declines beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
|
| Underlying basket: | S&P 500 index (42% weight), iShares MSCI EAFE ETF (25% weigh), Russell 2000 index (18% weight) and iShares MSCI Emerging Markets ETF (15% weight)
|
| Amount: | $2,574,000
|
| Maturity: | July 30, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any basket gain, up to 12.25% maximum return; par if basket declines by 10% or less; 1% loss for every 1% that basket may decline beyond 10%
|
| Initial levels: | 2,939.88 for S&P 500; $66.45 for EAFE ETF; 1,591.816 for Russell 2000; and $43.88 for EM ETF
|
| Pricing date: | April 26
|
| Settlement date: | April 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.6%
|
| Cusip: | 48132CEU3
|
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