Published on 8/19/2020 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.1 million capped buffered return enhanced notes on Russell 2000
By Sarah Lizee
Olympia, Wash., Aug. 19 – JPMorgan Chase Financial Co. LLC priced $1.1 million of capped buffered return enhanced notes due Feb. 17, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index return is positive, the payout at maturity will be par plus 2 times any gain, capped at par plus 12%.
If the index declines by up to 15%, the payout will be par. Investors will lose 1% for each 1% decline beyond 15%.
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: | Capped buffered return enhanced notes
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Underlying index: | Russell 2000
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Amount: | $1,102,000
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Maturity: | Feb. 17, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is positive, the payout at maturity will be par plus 2 times any gain, capped at par plus 12%; if the index declines by up to 15%, the payout will be par. Investors will lose 1% for each 1% decline beyond 15%
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Initial level: | 1,577.88
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Buffer level: | 85% of initial level
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Pricing date: | Aug. 14
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Settlement date: | Aug. 19
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 48132M4R9
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