Published on 8/8/2019 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $5.86 million digital dual directional contingent buffered notes on S&P
By Wendy Van Sickle
Columbus, Ohio, Aug. 8 – JPMorgan Chase Financial Co. LLC priced $5.86 million of 0% digital dual directional contingent buffered notes due Aug. 20, 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 finishes at or above 85% of the initial level, the payout at maturity will be par plus the digital return of 7.65%.
If the index falls by more than the 15% contingent buffer, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Digital dual directional contingent buffered notes
|
| Underlying index: | S&P 500
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| Amount: | $5,857,000
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| Maturity: | Aug. 20, 2020
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above contingent buffer, par plus 7.65%; otherwise, full exposure to any losses
|
| Initial level: | 2,844.74
|
| Final level: | Average of closing level on five consecutive trading days ending Aug. 17, 2020
|
| Contingent buffer: | 15%
|
| Pricing date: | Aug. 5
|
| Settlement date: | Aug. 8
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48132CX57
|
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