Published on 3/5/2019 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.83 million digital dual directional notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., March 5 – JPMorgan Chase Financial Co. LLC priced $2.83 million of 0% digital dual directional contingent buffered notes due June 3, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final index level is greater than or equal to 82.6% of the initial index level, the payout at maturity will be par plus 8%. Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.
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: | S&P 500
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Amount: | $2,825,000
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Maturity: | June 3, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is greater than or equal to 82.6% of initial index level, par plus 8%; otherwise, 1% loss for every 1% that index declines from initial level
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Initial level: | 2,803.69
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Final index level: | Average of index’s closing levels on five trading days ending May 29, 2020
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Pricing date: | March 1
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Settlement date: | March 6
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.12%
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Cusip: | 48130W3K5
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