Published on 3/2/2018 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $775,000 buffered digital notes on S&P, Russell
By Marisa Wong
Morgantown, W.Va., March 2 – JPMorgan Chase Financial Co. LLC priced $775,000 of 0% buffered digital notes due Feb. 27, 2020 linked to the lesser performing of the Russell 2000 index 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 at maturity will be par plus the fixed return of 19.1%.
Investors will receive par if either index falls by up to 10% and will lose 1% for each 1% decline of the worse performing index beyond the buffer.
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 indexes: | S&P 500 and Russell 2000
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Amount: | $775,000
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Maturity: | Feb. 27, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index gains, par plus 19.1%; if either index falls by up to 10%, par; otherwise, 1% loss per 1% drop of worse performing index beyond 10%
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Initial levels: | 2,703.96 for S&P and 1,529.987 for Russell
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Pricing date: | Feb. 22
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Settlement date: | Feb. 27
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.85%
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Cusip: | 48129HXW2
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