E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 1/3/2019 in the Prospect News Structured Products Daily.

New Issue: JPMorgan sells $1.57 million capped buffered return enhanced notes on Russell 2000

By Wendy Van Sickle

Columbus, Ohio, Jan. 3 – JPMorgan Chase Financial Co. LLC priced $1.57 million of 0% capped buffered return enhanced notes due Dec. 31, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the index finishes above its initial value, the payout at maturity will be par plus two times the gain up to a maximum return of 24%.

Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond the buffer.

The agent is J.P. Morgan Securities LLC.

Issuer:JPMorgan Chase Financial Co. LLC
Guarantor:JPMorgan Chase & Co.
Issue:Capped buffered return enhanced notes
Underlying index:Russell 2000
Amount:$1,568,000
Maturity:Dec. 31, 2020
Coupon:0%
Price:Par
Payout at maturity:Par plus two times any index gain, capped at 24%; par if index declines by up to 10%; 1% loss per 1% drop beyond 10%
Initial value:1,331.817
Pricing date:Dec. 27
Settlement date:Jan. 2
Agents:J.P. Morgan Securities LLC
Fees:0.57254%
Cusip:48130WFC0

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.