Published on 7/18/2018 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $500,000 contingent buffered digital notes on indexes
By Wendy Van Sickle
Columbus, Ohio, July 18 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% contingent buffered digital notes due May 29, 2020 linked to the least performing of the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus the contingent digital return of 23%. If the lesser performing index falls by up to 10%, the payout will be par.
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
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Contingent buffered digital notes
|
Underlying indexes: | Dow Jones industrial average and Russell 2000
|
Amount: | $500,000
|
Maturity: | May 29, 2020
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If each index finishes at or above initial level, par plus 23%; if laggard index falls by up to 10%, par; otherwise, 1% loss per 1% drop of worse performing index
|
Initial index levels: | 24,271.41 for Dow and 1,643.069 for Russell 2000
|
Pricing date: | June 29
|
Settlement date: | July 5
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 1.5%
|
Cusip: | 48129M3V6
|
|
© 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.