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
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Buffered digital notes
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Underlying index: | Russell 2000
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Amount: | $2,538,000
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Maturity: | Dec. 5, 2018
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Coupon: | 0%
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Price: | Par
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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%
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Initial index level: | 1,415.612
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Pricing date: | June 8
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Settlement date: | June 13
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.75%
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Cusip: | 46647MGD9
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