Published on 5/30/2019 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $180,000 buffered digital notes on S&P, Russell
By Wendy Van Sickle
Columbus, Ohio, May 30 – JPMorgan Chase Financial Co. LLC priced $180,000 of 0% buffered digital notes due Nov. 30, 2021 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 480B2 filing with the Securities and Exchange Commission.
If each index finishes at or above 90% of its initial level, the payout at maturity will be par plus the contingent digital return of 17.5%.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index beyond 10%.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Buffered digital notes
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $180,000
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Maturity: | Nov. 30, 2021
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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 90% of its initial level, par plus 17.5%; otherwise, 1% loss for each 1% decline of the worse performing index beyond 10%
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Initial levels: | 2,802.39 for S&P, 1,504.019 for Russell
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Pricing date: | May 28
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Settlement date: | May 31
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.4675%
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Cusip: | 48132CFL2
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