Published on 10/10/2017 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.5 million capped return enhanced notes on Euro Stoxx
By Marisa Wong
Morgantown, W.Va., Oct. 10 – JPMorgan Chase Financial Co. LLC priced $1.5 million of 0% capped return enhanced notes due Feb. 1, 2019 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 index return is positive, the payout at maturity will be par plus 2 times the index gain, subject to a maximum return of 33.5%. If the index return is negative, investors will have one-to-one exposure to the decline.
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: | Capped return enhanced notes
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Underlying index: | Euro Stoxx 50
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Amount: | $1.5 million
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Maturity: | Feb. 1, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 2 times gain, return capped at 33.5%; if index return is negative, one-to-one exposure to decline
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Initial index level: | 3,594.85
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Pricing date: | Sept. 29
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Settlement date: | Oct. 4
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.16%
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Cusip: | 48129HEM5
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