Published on 7/29/2016 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.62 million capped buffered gears linked to S&P 500
By Angela McDaniels
Tacoma, Wash., July 29 – JPMorgan Chase Financial Co. LLC priced $2.62 million of 0% capped buffered gears due July 31, 2019 linked to the S&P 500 index, according to a 424B8 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par of $10 plus double any index gain, up to a maximum return of 28.25%. Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% that it may decline beyond 15%.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Capped buffered gears
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Underlying index: | S&P 500
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Amount: | $2,623,000
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Maturity: | July 31, 2019
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus double any index gain, up to 28.25% maximum return; par if index falls by up to 15%; 1% loss for every 1% that index may decline beyond 15%
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Initial index level: | 2,169.18
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Downside threshold: | 1,843.80, 85% of initial level
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Pricing date: | July 26
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Settlement date: | July 29
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Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
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Fees: | 0.5%
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Cusip: | 46646W292
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