Published on 8/13/2019 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $200,000 digital dual directional contingent buffered notes on Stoxx
By Wendy Van Sickle
Columbus, Ohio, Aug. 13 – JPMorgan Chase Financial Co. LLC priced $200,000 of 0% digital dual directional contingent buffered notes due Aug. 26, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes at or above 85% of the initial level, the payout at maturity will be par plus the digital return of 8%.
If the index falls by more than the 15% contingent buffer, investors will be fully exposed to any losses.
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: | Digital dual directional contingent buffered notes
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Underlying index: | Euro Stoxx 50
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Amount: | $200,000
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Maturity: | Aug. 26, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index finishes at or above contingent buffer level, par plus 8%; otherwise, full exposure to any losses
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Initial level: | 3,333.74
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Final level: | Average of closing level on five consecutive trading days ending Aug. 21, 2020
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Contingent buffer: | 15%
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Pricing date: | Aug. 9
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Settlement date: | Aug. 14
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48132CY31
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