Published on 2/4/2019 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $6.19 million capped buffered enhanced notes tied to index basket
By Marisa Wong
Morgantown, W.Va., Feb. 4 – JPMorgan Chase Financial Co. LLC priced $6.19 million of 0% capped buffered enhanced participation notes due Sept. 29, 2020 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 27% weight, the FTSE 100 index with a 20% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
If the basket return is positive, the payout at maturity will be par plus two times the basket return, subject to a maximum settlement amount of $1,302 per $1,000 of notes. Investors will receive par if the basket declines by 15% or less and will lose 1.1765% for every 1% that it declines 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 enhanced participation notes
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Underlying indexes: | Euro Stoxx 50 (36% weight), Topix (27% weight), FTSE 100 (20% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
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Amount: | $6,192,000
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Maturity: | Sept. 29, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If basket return is positive, par plus two times basket return, capped at $1,302 per $1,000 of notes; par if basket declines by 15% or less; 1.1765% loss for every 1% that basket declines beyond 15%
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Initial levels: | 3,163.24 for Euro Stoxx, 1,566.10 for Topix, 6,809.22 for FTSE, 8,922.49 for Swiss Market and 5,905.605 for S&P/ASX
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Pricing date: | Jan. 25
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Settlement date: | Feb. 1
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.67%
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Cusip: | 48130WSV4
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