Published on 12/23/2019 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $4.84 million capped buffered return enhanced notes on basket
By Sarah Lizee
Olympia, Wash., Dec. 23 – JPMorgan Chase Financial Co. LLC priced $4.84 million of 0% capped buffered return enhanced notes due June 1, 2021 linked to an equally-weighted basket consisting of the S&P/ASX 200 index, the Hang Seng China Enterprises index, the Kospi 200 index and the Topix index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any basket gain, capped at par plus 18%.
Investors will receive par if the basket falls by up to 10% and will lose 1% for each 1% decline beyond the buffer.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Uncapped buffered return enhanced notes
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Basket components: | S&P/ASX 200 index, the Hang Seng China Enterprises index, the Kospi 200 index and the Topix index, equally weighted
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Amount: | $4,837,000
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Maturity: | June 1, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any basket gain, capped at par plus 18%; if basket falls by up to 10%, par; otherwise, 1% loss for each 1% decline beyond buffer
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Initial index levels: | 6,787.530 for S&P/ASX, 10,617.37 for Hang Seng, 281.83 for Kospi and 1,705.71 for Topix
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Pricing date: | Dec. 3
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Settlement date: | Dec. 6
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.5%
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Cusip: | 48132FV29
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