Published on 8/7/2017 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1 million of buffered return notes tied to S&P, Russell
By Susanna Moon
Chicago, Aug. 7 – JPMorgan Chase Financial Co. LLC priced $1.05 million of 0% uncapped buffered return enhanced notes due Aug. 4, 2022 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes above its 128% upside threshold, the payout at maturity will be par plus 1.2 times the gain of the worse performing index over the contingent minimum return of 28%.
If each index gains by up to the upside threshold, the payout at maturity will be par plus 28%.
Investors will receive par if either index falls but by no more than 30% and will be exposed to any losses of the worse performing index beyond the 30% buffer.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped buffered return enhanced notes
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $1,053,000
|
| Maturity: | Aug. 4, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes above upside threshold, par plus 1.2 times the gain of worse performing index over 28%; if each index gains by up to upside threshold, par plus 28%; par if either index falls by up to 30%; exposure to any losses of worse performing index beyond 30%
|
| Initial index levels: | 2,470.30 for S&P, 1,425.144 for Russell
|
| Upside thresholds: | 3,161.984 for S&P, 1,824.18432 for Russell; 128% of initial levels
|
| Pricing date: | July 31
|
| Settlement date: | Aug. 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.48481%
|
| Cusip: | 46647MUV3
|
|
|
|
|
© 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.
