Published on 2/11/2020 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $622,000 return notes linked to basket of indexes
By Sarah Lizee
Olympia, Wash., Feb. 11 – JPMorgan Chase Financial Co. LLC priced $622,000 of 0% return notes due Aug. 5, 2025 linked to an index basket, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The basket includes the S&P 500 index, the MSCI EAFE index and the MSCI Emerging Markets index.
The closing level of the basket will be equal to 86% of the best performing index, 14% of the second-best performer and 0% of the worst performer.
The payout at maturity will be par plus the return of the basket, with exposure to losses.
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: | Return notes
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Underlying basket: | S&P 500 index, MSCI EAFE index and MSCI Emerging Markets index; best performer will have 86% weight, second-best will have 14% weight
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Amount: | $622,000
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Maturity: | Aug. 5, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus the basket return, with exposure to losses
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Initial levels: | 3,225.52 for S&P 500, 1,993.72 for MSCI EAFE, 1,062.34 for MSCI Emerging Markets
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Pricing date: | Jan. 31
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Settlement date: | Feb. 5
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Agent: | J.P. Morgan Securities Inc.
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Fees: | 0.75%
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Cusip: | 48132HWE8
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