Published on 11/7/2019 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $500,000 contingent buffered return enhanced notes on indexes
By Kiku Steinfeld
Chicago, Nov. 7 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% uncapped contingent buffered return enhanced notes due Oct. 14, 2021 linked to the least performing of the Dow Jones industrial average, Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each asset finishes above its initial level, the payout at maturity will be par plus 1.78 times the gain of the worst performing asset.
If any asset falls but by no more than the 25% contingent buffer, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worst performing asset.
The notes are guaranteed by JPMorgan Chase & Co.
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 contingent buffered return enhanced notes
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Underlying assets: | Dow Jones industrial average, Russell 2000 index and the S&P 500 index
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Amount: | $500,000
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Maturity: | Oct. 14, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each asset finishes above its initial level, par plus 1.78 times the gain of the worst performing asset; if any asset falls by up to 25%, par; otherwise, 1% loss for each 1% decline of worst performing asset
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Initial levels: | 26,816.59 for Dow, 1,511.900 for Russell and 2,682.63 for S&P
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Buffer levels: | 75% of initial levels
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Pricing date: | Oct. 11
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Settlement date: | Oct. 17
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.75%
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Cusip: | 48132FWG7
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