Published on 5/28/2020 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $182,000 dual directional contingent buffered notes on indexes
By Sarah Lizee
Olympia, Wash., May 28 – JPMorgan Chase Financial Co. LLC priced $182,000 of 0% dual directional contingent buffered return enhanced notes due May 30, 2025 linked to the lesser performing of the Dow Jones industrial average, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes above its initial level, the payout at maturity will be par plus 1.2 times the gain of the worse performing index.
If the worse performing index falls by up to 30%, the payout will be par plus the absolute value of its return.
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: | Dual directional contingent buffered return enhanced notes
|
| Underlying indexes: | Dow Jones industrial average, S&P 500 and Russell 2000
|
| Amount: | $182,000
|
| Maturity: | May 30, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes above its initial level, par plus 1.2 times the gain of the worse performing index; if worse performing index falls by up to contingent buffer level, par plus absolute value of its return; otherwise, 1% loss for each 1% decline of worse performing index
|
| Initial index levels: | 24,995.11 for Dow, 1,393.074 for Russell, 2,991.77 for S&P
|
| Contingent buffer level: | 70% of initial levels
|
| Pricing date: | May 26
|
| Settlement date: | May 29
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 4.125%
|
| Cusip: | 48132KP41
|
|
|
© 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.
