Published on 6/24/2016 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $725,000 digital dual directional notes linked to Stoxx Europe 600
By Angela McDaniels
Tacoma, Wash., June 24 – JPMorgan Chase Financial Co. LLC priced $725,000 of 0% digital dual directional buffered notes due July 12, 2017 linked to the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final index level is greater than or equal to the initial index level or is less than the initial index level by up to 10%, the payout at maturity will be par plus 7.95%. Otherwise, investors will lose 1.1111% for every 1% that the index declines beyond 10%.
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 dual directional buffered notes
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Underlying index: | Stoxx Europe 600
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Amount: | $725,000
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Maturity: | July 12, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is greater than or equal to initial index level or is less than initial index level by up to 10%, par plus 7.95%; otherwise, 1.1111% loss for every 1% that index declines beyond 10%
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Initial index level: | 341.32
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Final index level: Average of index’s closing levels on five trading days ending July 7, 2017
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Pricing date: | June 22
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Settlement date: | June 27
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 46646EJK9
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