Published on 9/12/2020 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $5.24 million capped buffered equity notes tied to Dow, Nasdaq, S&P
By Taylor Fox
New York, Sept. 14 – JPMorgan Chase Financial Co. LLC priced $5.24 million of 0% capped buffered equity notes due Sept. 3, 2021 linked to the lesser performing of the S&P 500 index, Dow Jones industrial average and Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final level of each index is greater than or equal to its initial level, the payout at maturity will be par plus the return of the least performing index, capped at par plus 7.15%.
If any index falls by up to 25%, the payout will be par.
Otherwise, investors will lose 1% for every 1% that the least performing index declines beyond 25%.
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 buffered equity notes
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Underlying indexes: | S&P 500 index, Dow Jones industrial average and Nasdaq-100 index
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Amount: | $5,243,000
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Maturity: | Sept. 3, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the final level of each index is greater than or equal to its initial level, par plus the return of the least performing index, capped at par plus 7.15%; if any index falls by up to 25%, par; 1% loss for every 1% that the least performing index declines beyond 25%
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Initial levels: | 3,508.01 for S&P, 11,995.85 for Nasdaq and 28,653.87 for Dow
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Buffer levels: | 75% of initial levels
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Pricing date: | Aug. 28
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Settlement date: | Sept. 2
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.65%
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Cusip: | 48132MG47
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