Published on 10/8/2019 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $750,000 digital contingent buffered notes on indexes
By Wendy Van Sickle
Columbus, Ohio, Oct. 8 – JPMorgan Chase Financial Co. LLC priced $750,000 of 0% digital contingent buffered notes due Sept. 30, 2020 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level or falls by up to 30%, the payout will be par plus 5.72%.
Otherwise, investors will lose 1% decline for every 1% decline of the least performing index from its initial level.
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: | Digital contingent buffered notes
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Underlying indexes: | S&P 500 index, Russell 2000 index
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Amount: | $750,000
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Maturity: | Sept. 30, 2020
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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 its initial level or falls by up to 30%, par plus 5.72%; otherwise, investors will lose 1% decline for every 1% decline of the least performing index from its initial level
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Initial levels: | 2,961.79 for S&P, 1,520.476 for Russell
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Pricing date: | Sept. 30
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Settlement date: | Oct. 3
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48132FTY2
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