Published on 7/3/2019 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $6 million review notes on Euro Stoxx, Russell 2000
By Wendy Van Sickle
Columbus, Ohio, July 3 – JPMorgan Chase Financial Co. LLC priced $6 million of 0% review notes due July 1, 2024 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be called at par plus a premium of 10.65% per year if each index closes at or above its initial level on any quarterly review date.
If the notes are not called, the payout at maturity will be par unless the lesser performing index falls by more than 40%, in which case investors will be fully exposed to the loss of the lesser performing index.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Review notes
|
Underlying indexes: | Euro Stoxx 50, Russell 2000
|
Amount: | $6 million
|
Maturity: | July 1, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the notes are not called, par unless the lesser performing index falls by more than 40%, in which case investors will be fully exposed to the loss of the lesser performing index
|
Call: | At par plus a premium of 10.65% per year if each index closes at or above its initial level on any quarterly review date
|
Initial levels: | 3,442.95 for Euro Stoxx, 1,517.775 for Russell
|
Trigger levels: | 2,065.77 for Euro Stoxx, 910.655 for Russell, 60% of initial levels
|
Pricing date: | June 26
|
Settlement date: | June 28
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 2.85%
|
Cusip: | 48132CXA6
|
|
© 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.