Published on 7/6/2020 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $500,000 contingent buffered digital notes on S&P 500
By Marisa Wong
Los Angeles, July 6 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% contingent buffered digital notes due July 22, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index gains, finishes flat or falls by up to 35%, payout at maturity will be par plus 7.75%. Otherwise, investors will be exposed to the index’s decline from its initial level.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Contingent buffered digital notes
|
Underlying index: | S&P 500 index
|
Amount: | $500,000
|
Maturity: | July 22, 2021
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 7.75% unless index falls by more than 35%, in which case full exposure to decline from the initial level
|
Initial level: | 3,115.34
|
Pricing date: | June 18
|
Settlement date: | June 23
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 0.4%
|
Cusip: | 48132MJY8
|
|
© 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.