E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 3/5/2019 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $770,000 notes due 2024 tied to basket of three indexes

By Wendy Van Sickle

Columbus, Ohio, March 5 – JPMorgan Chase Financial Co. LLC priced $770,000 of notes due Feb. 29, 2024 linked to a basket of equally weighted indexes, according to a 424B2 filed with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The basket consists of the Russell 2000 index, the S&P 500 index and the Euro Stoxx 50 index, each with a 33.33% weight.

If the basket return is positive, the payout at maturity will be par plus 100% of any basket gain. If the basket falls or is flat, investors will receive par.

J.P. Morgan Securities LLC is the agent.

Issuer:JPMorgan Chase Financial Co. LLC
Guarantor:JPMorgan Chase & Co.
Issue:Notes
Underlying indexes:Russell 2000 index (33.33% weight), Euro Stoxx 50 (33.33% weight) and S&P 500 (33.33% weight)
Amount:$770,000
Maturity:Feb. 29, 2024
Coupon:0%
Price:Par
Payout at maturity:Par plus 100% of any basket gain; par, if basket falls or is flat
Initial levels:1,575.549 for Russell, for 3,298.26 Stoxx and 2,784.49 for S&P 500
Pricing date:Feb. 28
Settlement date:March 5
Agent:J.P. Morgan Securities LLC
Fees:1.06412%
Cusip:48130WXS5

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.