Published on 11/26/2019 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $100,000 of notes tied to equally weighted basket of three indexes
By Kiku Steinfeld
Chicago, Nov. 26 – JPMorgan Chase Financial Co. LLC priced $100,000 of notes linked to an equally weighted basket consisting of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index due Oct. 31, 2024, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.05 times any basket gain. If the basket falls by up to 10%, investors will participate in the losses of the basket. If the basket declines below 10%, the payout will be $900 per $1,000 principal amount of notes.
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: | Notes
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Underlying indexes: | S&P 500 index, Russell 2000 index and Euro Stoxx 50 index
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Amount: | $100,000
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Maturity: | Oct. 31, 2024
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Price: | Par
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Payout at maturity: | Par plus 1.05 times any basket gain; participation in decline up to 10%, $900 minimum return after 10% decline
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Initial levels: | 3,037.56 for S&P, 1,562.452 for Russell, 3,604.41 for Stoxx
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Pricing date: | Oct. 31
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Settlement date: | Nov. 5
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.5625%
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Cusip: | 48132FTZ9
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