Published on 7/1/2019 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $765,000 capped notes tied to S&P 500, Russell 2000
By Sarah Lizee
Olympia, Wash., July 1 – JPMorgan Chase Financial Co. LLC priced $765,000 of 0% capped notes due Dec. 31, 2021 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the return of each index is positive, the payout at maturity will be par plus the return of the lesser performing index, capped at 12%.
If either index falls, investors will lose 1% for each 1% decline of the worse performing index up to 5%.
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: | Capped notes
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Underlying assets: | S&P 500 index, Russell 2000 index
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Amount: | $765,000
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Maturity: | Dec. 31, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any gain in lesser performing index, capped at 12%; 1% loss for each 1% decline of the worse performing index up to 5%
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Initial levels: | 1,521.035 for Russell and 2,917.38 for S&P
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Pricing date: | June 25
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Settlement date: | June 28
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.5%
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Cusip: | 48132CPQ0
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