Published on 1/17/2020 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $9.26 million dual directional trigger PLUS tied to Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, Jan. 17 – JPMorgan Chase Financial Co. LLC priced $9.26 million of 0% dual directional trigger Performance Leveraged Upside Securities due Jan. 19, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 200% of the index return, capped at par plus 60.55%. If the index declines by 20% or less, the payout will be par plus the absolute value of the index return. If the index declines by more than 20%, investors will lose 1% for every 1% that the index declines from its initial level.
J.P. Morgan Securities LLC is the agent. Distribution is through Morgan Stanley Wealth Management.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Dual directional trigger Performance Leveraged Upside Securities
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| Underlying index: | Euro Stoxx 50
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| Amount: | $9.26 million
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| Maturity: | Jan. 19, 2023
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If final index level is greater than initial index level, par plus 200% of index gain, capped at par plus 60.55%; if final index level is less than initial index level but greater than or equal to trigger level, par plus absolute value of index return; if final index level is less than trigger level, 1% loss for every 1% that index declines from initial level
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| Initial index level: | 3,768.96
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| Trigger level: | 3,015.168, 80% of initial level
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| Pricing date: | Jan. 15
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| Settlement date: | Jan. 21
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| Agent: | J.P. Morgan Securities LLC
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| Distribution: | Morgan Stanley Wealth Management
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| Fees: | 3%
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| Cusip: | 48132J561
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