Published on 11/25/2019 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $887,000 capped contingent buffered equity notes on indexes
By Sarah Lizee
Olympia, Wash., Nov. 25 – JPMorgan Chase Financial Co. LLC priced $887,000 of 0% capped contingent buffered equity notes due Nov. 20, 2024 linked to the least performing of the Nasdaq-100 index, the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes at or above 60% of its initial level, the payout will be par plus the greater of 20% and the return of the least performing index, capped at par plus 68%.
If any index finishes below 60% of its initial level, the payout will be par plus the return of the least performing index, with full exposure to the decline.
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: | Capped contingent buffered equity notes
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Underlying assets: | Nasdaq-100 index, Dow Jones industrial average, Russell 2000 index
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Amount: | $887,000
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Maturity: | Nov. 20, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above 60% of its initial level, par plus the greater of 20% and the return of the least performing index, capped at par plus 68%; if any index finishes below 60% of its initial level, par plus the return of the least performing index, with full exposure to the decline
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Initial levels: | 28,004.89 for Dow, 1,596.454 for Russell and 8,315.523 for Nasdaq
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Pricing date: | Nov. 15
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Settlement date: | Nov. 20
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Agent: | J.P. Morgan Securities LLC
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Fees: | 4.125%
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Cusip: | 48132FQ33
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