Published on 7/6/2017 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.1 million capped buffered return notes tied to S&P 500, Russell
By Susanna Moon
Chicago, July 6 – JPMorgan Chase Financial Co. LLC priced $1.1 million of capped buffered return enhanced notes due Sept. 19, 2018 linked to the S&P 500 index and the Russell 2000 index, equally weighted, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2.5 times any basket gain, up to a maximum return of 13.5%.
Investors will receive par if the index falls by up to 5% and will be exposed to any losses beyond 5%.
The notes are guaranteed by JPMorgan Chase & Co.
The agent is J.P. Morgan Securities LLC.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Capped buffered return enhanced notes
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Underlying basket: | S&P 500 index and Russell 2000 index, equally weighted
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Amount: | $1,104,000
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Maturity: | Sept. 19, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 2.5 times return of index, capped at 13.5%; par if index declines by up to 5%; exposure to losses beyond 5%
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Initial levels: | 2,437.92 for the S&P and 1,417.573 for Russell
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Pricing date: | June 14
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Settlement date: | June 19
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Agents: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 46647MGC1
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