Published on 11/21/2017 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $305,000 contingent buffered digital notes tied to S&P, Russell
By Wendy Van Sickle
Columbus, Ohio, Nov. 21 – JPMorgan Chase Financial Co. LLC priced $305,000 of 0% contingent buffered digital notes due Nov. 22, 2023 linked to the least performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level or falls by up to 30%, the payout at maturity will be par plus the contingent digital return of 48.25%.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Contingent buffered digital notes
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $305,000
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Maturity: | Nov. 22, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above initial level or falls by up to 30%, par plus 48.25%; otherwise, 1% loss per 1% drop of worse performing index
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Initial index levels: | 2,578.85 for S&P 500 and 1,492.822 for Russell 2000
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Pricing date: | Nov. 17
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Settlement date: | Nov. 27
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 48129HJF5
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