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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
Guarantor:JPMorgan Chase & Co.
Issue:Capped contingent buffered equity notes
Underlying assets:Nasdaq-100 index, Dow Jones industrial average, Russell 2000 index
Amount:$887,000
Maturity:Nov. 20, 2024
Coupon:0%
Price:Par
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
Initial levels:28,004.89 for Dow, 1,596.454 for Russell and 8,315.523 for Nasdaq
Pricing date:Nov. 15
Settlement date:Nov. 20
Agent:J.P. Morgan Securities LLC
Fees:4.125%
Cusip:48132FQ33

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