Published on 11/21/2018 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $16.42 million enhanced notes due 2020 on index basket
By Susanna Moon
Chicago, Nov. 21 – JPMorgan Chase Financial Co. LLC priced $16.42 million of 0% enhanced participation notes due May 11, 2020 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 36% weight, the FTSE 100 index with a 20% weight, the Topix index with a 27% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus 2.4225 times any basket gain.
Investors will be exposed to any losses.
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: | Enhanced participation basket-linked notes
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Underlying indexes: | Euro Stoxx 50 (36% weight), FTSE 100 (20% weight), Topix (27% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
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Amount: | $16,419,000
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Maturity: | May 11, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 2.4225 times any basket gain; 1% loss per 1% decline
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Initial index levels: | 3,217.37 for Stoxx, 7,103.84 for FTSE, 1,640.39 for Topix, 9,008.58 for Swiss Market, 5,818.144 for S&P/ASX
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Pricing date: | Nov. 5
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Settlement date: | Nov. 13
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.67%
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Cusip: | 48130UP90
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