Published on 5/6/2019 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $11.94 million bear market PLUS linked to Nasdaq-100
Chicago, May 6 – JPMorgan Chase Financial Co. LLC priced 11.94 million of 0% bear market Performance Leveraged Upside Securities due Nov. 4, 2019 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final index level is less than the initial index level, the payout at maturity will be par of $10 plus 3% for every 1% that the index declines, subject to a maximum return of 114.05% of the principal amount. If the final index level is greater than or equal to the initial index level, the payout will be par minus 1% for every 1% that the index increases.
J.P. Morgan Securities LLC is the agent. Morgan Stanley Wealth Management is handling distribution.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Bear market Performance Leveraged Upside Securities
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Underlying index: | Nasdaq-100
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Amount: | $11,940,800
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Maturity: | Nov. 4, 2019
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If final index level is less than initial index level, par plus 3% for every 1% that index declines, subject to 114.05% maximum return; if final index level is greater than or equal to initial index level, par minus 1% for every 1% that index increases
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Initial level: | 7,781.456
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Pricing date: | April 30
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Settlement date: | May 3
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Agent: | J.P. Morgan Securities LLC
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Distribution: | Morgan Stanley Wealth Management
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Fees: | 1.75%
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Cusip: | 48130X158
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