Published on 6/14/2017 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.05 million uncapped contingent buffered notes on indexes
By Wendy Van Sickle
Columbus, Ohio, June 14 – JPMorgan Chase Financial Co. LLC priced $1.05 million of 0% uncapped contingent buffered return enhanced notes due June 14, 2022 linked to the least performing of the S&P 500 index, the Dow Jones Industrial Average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes at or above the initial level, the payout at maturity will be par plus 1.8 times the gain of the worst performing index.
If any index falls but by no more than the 50% contingent buffer, the payout will be par.
If any index falls by more 50%, investors will lose 1% for each 1% decline of the worst performing index.
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: | Uncapped contingent buffered return enhanced notes
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Underlying indexes: | S&P 500, Dow Jones Industrial Average and Nasdaq-100
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Amount: | $1,046,000
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Maturity: | June 14, 2022
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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 the initial level, par plus 1.8 times the gain of the worst performing index; if any index falls but by no more than the 50% contingent buffer, par; if any index falls by more 50%, 1% loss for each 1% decline of the worst performing index
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Initial levels: | 2,431.77 for S&P, 21,271.97 for the Dow and 5,741.944 for Russell
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Pricing date: | June 9
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Settlement date: | June 14
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.8%
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Cusip: | 46647MCL5
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