Published on 6/1/2018 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $468,000 uncapped dual directional buffered notes on S&P, Russell
By Wendy Van Sickle
Columbus, Ohio, June 1 – JPMorgan Chase Financial Co. LLC priced $468,000 of 0% uncapped dual directional contingent buffered return enhanced notes due May 31, 2022 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the return of the laggard index is positive, the payout at maturity will be par plus 1.08 times the laggard index return.
If the laggard index falls by up to 30%, the payout will be par plus the absolute value of its return.
Otherwise, investors will be fully exposed to any losses of the laggard index.
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: | Uncapped dual directional contingent buffered return enhanced notes
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $468,000
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Maturity: | May 31, 2022
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus greater 1.08 times any gain of laggard index; if laggard index falls by up to 30%, par plus absolute value of its return; otherwise, full exposure to losses of laggard index
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Initial values: | 2,689.86 for S&P, 1,623.649 for Russell
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Pricing date: | May 29
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Settlement date: | May 31
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Agent: | J.P. Morgan Securities LLC
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Fees: | 3.69872%
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Cusip: | 48129MPW0
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