Published on 4/16/2019 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $11.13 million digital notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., April 16 – JPMorgan Chase Financial Co. LLC priced $11.13 million of 0% digital equity notes due July 14, 2020 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 greater than or equal to negative 10%, the payout at maturity will be $1,089 per $1,000 principal amount of notes. Otherwise, investors will lose 1.1111% for every 1% that the index declines beyond 10%.
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: | Digital equity notes
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Underlying index: | S&P 500
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Amount: | $11,127,000
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Maturity: | July 14, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is greater than or equal to negative 10%, $1,089 per $1,000 principal amount of notes; otherwise, 1.1111% loss for every 1% that index declines beyond 10%
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Initial level: | 2,907.41
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Pricing date: | April 12
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Settlement date: | April 22
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 48130WZ87
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