Published on 11/5/2018 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $877,000 of notes linked to basket of Stoxx, S&P 500
By Sarah Lizee
Olympia, Wash., Nov. 5 – JPMorgan Chase Financial Co. LLC priced $877,000 of 0% notes due Oct. 31, 2023 linked to an equally-weight basket of the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 116% of any basket gain. If the basket falls, the payout will be par.
The agent is J.P. Morgan Securities LLC.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Notes
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Underlying basket: | Euro Stoxx 50 index, S&P 500 index
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Amount: | $877,000
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Maturity: | Oct. 31, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 116% of any basket gain; if basket declines, par
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Initial values: | 2,711.74 for S&P and 3,197.51 for Stoxx
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Pricing date: | Oct. 31
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Settlement date: | Nov. 5
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.41947%
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Cusip: | 48130U4H5
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