Published on 6/8/2020 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $202,000 uncapped buffered equity notes linked to indexes
By Kiku Steinfeld
Chicago, June 8 – JPMorgan Chase Financial Co. LLC priced $202,000 of 0% uncapped buffered equity notes due June 3, 2025 linked to the lesser performing of the S&P 500 index, Dow Jones industrial average and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final level of each index is greater than or equal to its initial level, the payout at maturity will be par plus the greater of the least performing index’s return and 38%.
If any index falls by up to 15%, the payout will be par.
Otherwise, investors will lose 1% for every 1% that the least performing index declines beyond 15%.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Uncapped buffered equity notes
|
Underlying indexes: | S&P 500 index, Dow Jones industrial average and Russell 2000 index
|
Amount: | $202,000
|
Maturity: | June 3, 2025
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the final level of each index is greater than or equal to its initial level, par plus the greater of the least performing index’s return and 38%; if any index falls by up to 15%, par; otherwise, 1% loss for every 1% that the least performing index declines beyond 15%
|
Initial levels: | 3,044.31 for S&P, 1,394.035 for Russell and 25,383.11 for Dow
|
Buffer levels: | 85% of initial levels
|
Pricing date: | May 29
|
Settlement date: | June 3
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 0.62376
|
Cusip: | 48132KQ99
|
|
© 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.