E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 3/9/2020 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $743,000 notes due 2025 linked to three indexes

By Sarah Lizee

Olympia, Wash., March 9 – JPMorgan Chase Financial Co. LLC priced $743,000 of 0% notes due Feb. 28, 2025 linked to the least performing of the Dow Jones industrial average, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 102% of any gain of the least performing index.

Investors will be exposed to up to 10% of any decline of the least performing index, with a minimum payout of 90% of par.

JPMorgan Chase & Co. guarantees the notes.

J.P. Morgan Securities LLC is the agent.

Issuer:JPMorgan Chase Financial Co. LLC
Guarantor:JPMorgan Chase & Co.
Issue:Notes
Underlying indexes:Dow Jones industrial average, S&P 500, Russell 2000
Amount:$743,000
Maturity:Feb. 28, 2025
Contingent coupon:0%
Price:Par
Payout at maturity:Par plus 102% of any gain of the least performing index; exposure to up to 10% of any decline of the least performing index, with a minimum payout of 90% of par
Initial levels:25,409.36 for Dow, 2,954.22 for S&P and 1,476.431 for Russell
Pricing date:Feb. 28
Settlement date:March 4
Agent:J.P. Morgan Securities LLC
Fees:0.53365%
Cusip:48132H2Z4

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.