Published on 8/3/2016 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $820,000 contingent buffered notes on S&P, Russell
By Marisa Wong
Morgantown, W.Va., Aug. 3 – JPMorgan Chase Financial Co. LLC priced $820,000 of 0% contingent buffered equity notes due Aug. 1, 2018 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange.
The notes are guaranteed by JPMorgan Chase & Co.
If the return of each index is at least negative 30%, the payout at maturity will be par plus 13.05%.
If either index falls by more than 30%, the payout will be par plus the return of the lesser performing index, with full exposure to losses.
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 equity notes
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $820,000
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Maturity: | Aug. 1, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the return of each index is at least negative 30%, par plus 13.05%; otherwise, full exposure to any losses of worse performing index
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Initial levels: | 2,166.58 for S&P, 1,218.927 for Russell
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Contingent buffer: | 30%
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Pricing date: | July 27
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Settlement date: | Aug. 1
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.65%
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Cusip: | 46646EQS4
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