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 6/12/2017 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $2.54 million buffered digital notes linked to Russell

By Angela McDaniels

Tacoma, Wash., June 12 – JPMorgan Chase Financial Co. LLC priced $2.54 million of 0% buffered digital notes due Dec. 5, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the index finishes at or above the initial index level, the payout at maturity will be par plus 12.3%. Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% that the index might decline beyond 10%.

J.P. Morgan Securities LLC is the agent.

Issuer:JPMorgan Chase Financial Co. LLC
Guarantor:JPMorgan Chase & Co.
Issue:Buffered digital notes
Underlying index:Russell 2000
Amount:$2,538,000
Maturity:Dec. 5, 2018
Coupon:0%
Price:Par
Payout at maturity:If index finishes at or above initial index level, par plus 12.3%; par if index falls by up to 10%; 1% loss for every 1% that index might decline beyond 10%
Initial index level:1,415.612
Pricing date:June 8
Settlement date:June 13
Agent:J.P. Morgan Securities LLC
Fees:0.75%
Cusip:46647MGD9

© 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.