Published on 2/4/2019 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $937,000 uncapped contingent buffered notes on S&P, Russell
Chicago, Feb. 4 – JPMorgan Chase Financial Co. LLC priced $937,000 of 0% uncapped contingent buffered equity notes due Jan. 31, 2024 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.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes at or above 60% of its initial value the payout at maturity will be par plus the greater of the return of the lesser-performing index and 26%.
If either index falls by more than 40%, investors will lose 1% for each 1% decline of the lesser-performing index.
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: | Uncapped contingent buffered equity notes
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $937,000
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Maturity: | Jan. 31, 2024
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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 60% of its initial value, par plus the greater of the return of the lesser-performing index and 26%; if either index finishes below 60% of its initial level, 1% loss for each 1% decline of the lesser-performing index
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Initial levels: | 2,704.10 for S&P and 1,499.419 for Russell
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Pricing date: | Jan. 31
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Settlement date: | Feb. 5
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.86219%
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Cusip: | 48130WQL8
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