Published on 6/12/2017 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $2.07 million digital dual directional notes on Stoxx 50
By Marisa Wong
Morgantown, W.Va., June 12 – JPMorgan Chase Financial Co. LLC priced $2.07 million of 0% digital dual directional contingent buffered notes due June 27, 2018 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 final index level is at least 85% of the initial index level, the payout at maturity will be par plus 8.3%. Otherwise, investors will have one-to-one exposure to the index’s decline 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: | Euro Stoxx 50
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Amount: | $2.07 million
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Maturity: | June 27, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is at least 85% of initial index level, par plus 8.3%; otherwise, one-to-one exposure to index’s decline from initial level
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Initial index level: | 3,579.02
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Final index level: | Average of index’s closing levels on five trading days ending June 22, 2018
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Pricing date: | May 26
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Settlement date: | June 1
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.04%
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Cusip: | 46647MDL4
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