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 6/12/2018 in the Prospect News Structured Products Daily.

New Issue: JPMorgan sells $4.04 million uncapped contingent buffered return enhanced notes on four stocks

By Wendy Van Sickle

Columbus, Ohio, June 12 – JPMorgan Chase Financial Co. LLC priced $4.04 million of 0% uncapped contingent buffered return enhanced notes due June 10, 2019 linked to the least performing of the common stocks of Amazon.com, Inc., Netflix, Inc., the class A common stock of Facebook, Inc. and the class C capital stock of Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If each stock finishes at or above its initial level, the payout at maturity will be par plus 2 times any gain of the worst performing stock.

Investors will receive par if the least performing stock falls by up to 40%.

Otherwise, investors will lose 1% for each 1% decline of the worst performing stock.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

Issuer:JPMorgan Chase Financial Co. LLC
Guarantor:JPMorgan Chase & Co.
Issue:Uncapped contingent buffered return enhanced notes
Underlying stocks:Amazon.com, Inc., Netflix, Inc., Facebook, Inc. and Alphabet Inc.
Amount:$4,035,000
Maturity:June 10, 2019
Coupon:0%
Price:Par
Payout at maturity:If each index finishes at or above initial level, par plus 2 times any gain of worst performing stock; par if laggard index falls by up to 40%; otherwise, 1% loss for each 1% decline of worse performing stock
Initial levels:$193.28 for Facebook, 41,665.27 for Amazon, $361.81 for Netflix and $1,139.29 for Alphabet
Pricing date:June 4
Settlement date:June 7
Agent:J.P. Morgan Securities LLC
Fees:2.25%
Cusip:48129MZP4

© 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.