Published on 1/8/2020 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $250,000 capped return enhanced notes linked to S&P 500
Chicago, Jan. 8 – JPMorgan Chase Financial Co. LLC priced $250,000 of 0% capped return enhanced notes due Jan. 22, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus two times the index return, subject to a maximum return of 11.5%. If the index return is negative, investors will be exposed to the index’s decline.
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: | Capped return enhanced notes
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Underlying index: | S&P 500
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Amount: | $250,000
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Maturity: | Jan. 22, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus two times any index gain, up to 11.5% maximum return; exposure to any index decline
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Initial level: | 3,224.01
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Pricing date: | Dec. 23
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Settlement date: | Dec. 27
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.5%
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Cusip: | 48132HJZ6
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