Published on 6/10/2020 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $2.22 million contingent buffered digital notes on S&P, Dow
By Sarah Lizee
Olympia, Wash., June 10 – JPMorgan Chase Financial Co. LLC priced $2.22 million of 0% contingent buffered digital notes due July 9, 2021 linked to the least performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above 70% of its initial level, the payout at maturity will be par plus the contingent digital return of 9.15%.
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
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Contingent buffered digital notes
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Underlying indexes: | S&P 500 and Dow Jones industrial average
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Amount: | $2,216,000
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Maturity: | July 9, 2021
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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 70% of its initial level, par plus 9.15%; otherwise, 1% loss per 1% drop of worse performing index
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Initial levels: | 27,110.98 for Dow and 3,193.93 for S&P
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Contingent buffers: | 70% of initial levels
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Pricing date: | June 5
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Settlement date: | June 10
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 48132MBH3
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