Published on 5/21/2019 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $4.87 million buffered enhanced participation notes linked to index basket
By Wendy Van Sickle
Columbus, Ohio, May 21 – JPMorgan Chase Financial Co. LLC priced $4.87 million of 0% buffered enhanced participation notes due May 19, 2021 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 includes 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 1.8525 times the basket return. Investors will receive par if the basket declines by 10% or less and will lose 1.1111% for every 1% that the basket may decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Buffered enhanced participation notes
|
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)
|
Amount: | $4,866,000
|
Maturity: | May 19, 2021
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If basket return is positive, par plus 1.8525 times basket return; par if basket declines by 10% or less; 1.1111% loss for every 1% that basket declines beyond 10%
|
Initial index levels: | 3,385.78 for Euro Stoxx, 1,544.15 for Topix, 7,296.95 for FTSE, 9,480.76 for Swiss Market, 6,284.204 for S&P/ASX
|
Pricing date: | May 15
|
Settlement date: | May 22
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 2%
|
Cusip: | 48132CDF7
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.