Published on 9/18/2020 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.05 million capped contingent buffered equity notes on indexes
By Sarah Lizee
Olympia, Wash., Sept. 18 – JPMorgan Chase Financial Co. LLC priced $1.05 million of 0% capped contingent buffered equity notes due Sept. 18, 2025 linked to the least performing of the Nasdaq-100 index, the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes at or above its initial level, the payout will be par plus the return of the least performing index, capped at par plus 86%.
If any index declines by up to 50%, the payout will be par.
If any index finishes below 50% of its initial level, the payout will be par plus the return of the least performing index, with full exposure to the decline.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped contingent buffered equity notes
|
| Underlying assets: | Nasdaq-100 index, Dow Jones industrial average, S&P 500 index
|
| Amount: | $1.05 million
|
| Maturity: | Sept. 18, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above its initial level, par plus the return of the least performing index, capped at par plus 86%; if any index declines by up to 50%, par; if any index finishes below 50% of its initial level, full exposure to the decline of the least performing index
|
| Initial levels: | 3,401.20 for S&P, 11,438.87 for Nasdaq and 27,995.60 for Dow
|
| Contingent buffer: | 50% of initial levels
|
| Pricing date: | Sept. 15
|
| Settlement date: | Sept. 18
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 4.125%
|
| Cusip: | 48132MY39
|
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