Published on 5/29/2018 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.4 million digital notes tied to indexes
By Wendy Van Sickle
Columbus, Ohio, May 29 – JPMorgan Chase Financial Co. LLC priced $2.4 million of 0% digital notes due March 28, 2019 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
If each index closes at or above 70% of its initial level, the payout at maturity will be par plus the fixed return of 4.15%.
Otherwise, investors will receive par if the worst performing index finishes at or above its initial level and will be fully exposed to any decline of the worst performing index.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Digital notes
|
| Underlying indexes: | Russell 2000, S&P 500
|
| Amount: | $2.4 million
|
| Maturity: | March 28, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index closes at or above 70% of initial level every day during life of notes, par plus 4.15%; otherwise, 1% loss for each 1% decline of worst performing index or par if worst performing index finishes at or above initial level
|
| Initial index levels: | 1,627.609 for Russell, 2,733.29 for S&P
|
| Trigger levels: | 1,139.3263 for Russell, 1,913.303 for S&P, 70% of initial levels
|
| Pricing date: | May 23
|
| Settlement date: | May 29
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.725%
|
| Cusip: | 48129MVD5
|
|
|
© 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.
