Published on 8/27/2019 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $625,000 yield notes due 2020 tied to Russell, S&P
By Sarah Lizee
Olympia, Wash., Aug. 27 – JPMorgan Chase Financial Co. LLC priced $625,000 of 6.5% yield notes due Feb. 27, 2020 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Interest is payable quarterly.
The payout at maturity will be par unless either asset finishes below 75% of its initial level, in which case investors will be lose 1% for each 1% loss of the worse performing asset.
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: | Yield notes
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Underlying assets: | Russell 2000 index and S&P 500 index
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Amount: | $625,000
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Maturity: | Feb. 27, 2020
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Coupon: | 6.5%, payable quarterly
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Price: | Par
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Payout at maturity: | Par unless either asset finishes below 75% of its initial level, in which case investors will be lose 1% for each 1% loss of the worse performing asset
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Initial levels: | 2,847.11 for S&P, 1,459.485 for Russell
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Pricing date: | Aug. 23
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Settlement date: | Aug. 28
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 48132FCL8
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