Published on 11/15/2020 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $3.54 million capped airbag gears linked to S&P
By Taylor Fox
New York, Nov. 16 – JPMorgan Chase Financial Co. LLC priced $3.54 million of 0% capped airbag gears due Oct. 29, 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 return is positive, the payout at maturity will be par of $10 plus 1.5 times the index return, subject to a maximum gain of 13%. Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% that the index may decline beyond 10%.
J.P. Morgan Securities LLC and UBS Financial Services Inc. are the agents.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Capped airbag gears
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Underlying index: | S&P 500 index
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Amount: | $3,537,000
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Maturity: | Oct. 29, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any index gain, capped at par plus 13%; par if index falls by up to 10%; 1.1111% loss for each 1% index decline beyond 10%
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Initial level: | 3,465.39
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Downside threshold: | 3,118.85, 90% of initial level
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Pricing date: | Oct. 23
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Settlement date: | Oct. 28
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Agents: | J.P. Morgan Securities LLC and UBS Financial Services Inc.
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Fees: | None
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Cusip: | 48132N612
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