Published on 12/5/2017 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $3.36 million capped buffered enhanced notes on S&P
By Wendy Van Sickle
Columbus, Ohio, Dec. 5 – JPMorgan Chase Financial Co. LLC priced $3.36 million of 0% capped buffered enhanced participation equity notes due Feb. 6, 2020 linked to 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 the index return is positive, the payout at maturity will be par plus 1.6 times the index return, subject to a maximum settlement amount of $1,220 per $1,000 principal amount.
Investors will receive par if the index declines by 12.5% or less and will lose 1.1429% for every 1% that the index declines beyond 12.5%.
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 enhanced participation equity notes
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Underlying index: | S&P 500
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Amount: | $3,364,000
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Maturity: | Feb. 6, 2020
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | If index return is positive, par plus 1.6 times index return, subject to maximum settlement amount of $1,220 per note; par if index declines by up to 12.5%; otherwise, 1.1429% loss for every 1% that index declines beyond 12.5%
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Initial index level: | 2,642.22
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Pricing date: | Dec. 1
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Settlement date: | Dec. 8
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0%
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Cusip: | 48129HQK6
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