Published on 9/30/2016 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $293,000 of capped buffered return enhanced notes on gold, silver
By Devika Patel
Knoxville, Tenn., Sept. 30 – JPMorgan Chase Financial Co. LLC priced $293,000 of 0% capped buffered return enhanced notes due Oct. 2, 2019 linked to the lesser performing of the SPDR Gold trust and the SPDR Silver trust, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.25 times any gain of the lesser performing trust, up to a maximum return of 45%. Investors will receive par if the lesser performing trust declines by 15% or less and will lose 1% for each 1% decline beyond 15%.
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: | Capped buffered return enhanced notes
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Underlying funds: | SPDR Gold trust and the SPDR Silver trust
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Amount: | $293,000
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Maturity: | Oct. 2, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.25 times any gain of the lesser performing trust, capped at 45%; par if the lesser performing trust falls by up to 15%; 1% loss for each 1% decline beyond 15%
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Initial levels: | $126.62 for SPDR Gold and $18.17 for iShares Silver
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Pricing date: | Sept. 27
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Settlement date: | Sept. 30
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.75%
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Cusip: | 46646EYW6
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