Published on 6/25/2020 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $697,000 contingent buffered digital notes on indexes
By Sarah Lizee
Olympia, Wash., June 25 – JPMorgan Chase Financial Co. LLC priced $697,000 of 0% contingent buffered digital notes due June 24, 2021 linked to the least performing of the Dow Jones industrial average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above 70% of its initial level, the payout at maturity will be par plus the contingent digital return of 11.3%.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index.
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: | Contingent buffered digital notes
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Underlying indexes: | Dow Jones industrial average, S&P 500 and Russell 2000
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Amount: | $697,000
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Maturity: | June 24, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above contingent buffer, par plus 11.3%; otherwise, 1% loss per 1% drop of worse performing index
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Initial levels: | 3,115.34 for S&P, 1,427.075 for Russell and 26,080.10 for Dow
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Contingent buffer: | 70% of initial levels
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Pricing date: | June 18
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Settlement date: | June 23
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.6%
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Cusip: | 48132MJC6
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