Published on 9/18/2018 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.14 million capped notes due 2019 linked to Stoxx 50
By Sarah Lizee
Olympia, Wash., Sept. 18 – JPMorgan Chase Financial Co. LLC priced $1.14 million of 0% capped notes due Oct. 21, 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.
The payout at maturity will be par plus any index gain, capped at par plus 22%. If the index finishes flat or falls, the payout will be par plus the index return, subject to a minimum payout of 95% of par.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $1,137,000
|
| Maturity: | Oct. 21, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at par plus 22%; if index finishes flat or falls, par plus the index return, subject to a minimum payout of 95% of par
|
| Initial value: | 3,344.63
|
| Pricing date: | Sept. 14
|
| Settlement date: | Sept. 19
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48130UGP4
|
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