Published on 2/5/2018 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $5.81 million return notes linked to basket of 20 stocks
By Marisa Wong
Morgantown, W.Va., Feb. 5 – JPMorgan Chase Financial Co. LLC priced $5,805,000 of 0% return notes due Feb. 13, 2019 linked to an equally weighted basket of 20 common stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The underlying companies are Comerica Inc., First Republic Bank, KeyCorp, SVB Financial Group, Biogen Inc., WellCare Health Plans, Inc., Vertex Pharmaceuticals Inc., Pfizer Inc., Fortive Corp., Kennametal Inc., Terex Corp., Textron Inc., Palo Alto Networks, Inc., Twitter, Inc., ON Semiconductor Corp., Xilinx, Inc., Akamai Technologies, Inc., LogMeIn, Inc., DowDuPont Inc. and BioMarin Pharmaceutical Inc.
The payout at maturity will be par plus the basket return times a basket adjustment factor 99.4%. Investors will receive less than par unless the basket appreciates by at least 0.60362%.
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: | Return notes
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Underlying basket: | Comerica Inc. (Symbol: CMA), First Republic Bank (Symbol: FRC), KeyCorp (Symbol: KEY), SVB Financial Group (Symbol: SIVB), Biogen Inc. (Symbol: BIIB), WellCare Health Plans, Inc. (Symbol: WCG), Vertex Pharmaceuticals (Symbol: VRTX), Pfizer Inc. (Symbol: PFE), Fortive Corp. (Symbol: FTV), Kennametal Inc. (Symbol: KMT), Terex Corp. (Symbol: TEX), Textron Inc. (Symbol: TXT), Palo Alto Networks, Inc. (Symbol: PANW), Twitter, Inc. (Symbol: TWTR), ON Semiconductor Corp. (Symbol: ON), Xilinx, Inc. (Symbol: XLNX), Akamai Technologies, Inc. (Symbol: AKAM), LogMeIn, Inc. (Symbol: LOGM) and DowDuPont Inc. (Symbol: DWDP), BioMarin Pharmaceutical Inc. (Symbol: BMRN); equally weighted
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Amount: | $5,805,000
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Maturity: | Feb. 13, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus the basket return times a basket adjustment factor 99.4%
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Pricing date: | Jan. 26
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Settlement date: | Jan. 31
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Agent: | J.P. Morgan Securities Inc.
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Fees: | 0.75%
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Cusip: | 48129KAD2
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