Published on 6/7/2017 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.43 million capped gears linked to oil & gas fund
By Marisa Wong
Morgantown, W.Va., June 7 – JPMorgan Chase Financial Co. LLC priced $2.43 million of 0% capped gears due July 31, 2018 linked to the SPDR S&P Oil & Gas Exploration and Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the fund return is greater than zero, the payout at maturity will be par of $10 plus three times the fund return, subject to a maximum gain of 25%. If the fund return is negative, investors will be exposed to the fund’s decline.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Capped gears
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Underlying ETF: | SPDR S&P Oil & Gas Exploration and Production ETF
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Amount: | $2,431,780
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Maturity: | July 31, 2018
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If fund return is greater than zero, par plus three times fund return, subject to 25% maximum gain; if fund return is negative, exposure to decline
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Initial share price: | $33.85
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Pricing date: | May 25
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Settlement date: | May 31
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Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
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Fees: | 2%
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Cusip: | 48129F184
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