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Published on 1/10/2020 in the Prospect News Structured Products Daily.

New Issue: JPMorgan sells $1.01 million notes on basket of S&P, Russell, Stoxx

By Kiku Steinfeld

Chicago, Jan. 10 – JPMorgan Chase Financial Co. LLC priced $1.01 million of 0% notes due Dec. 27, 2024 linked to an equally weighted basket consisting of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The payout at maturity will be par plus any basket gain, subject to a minimum payout of 90% of par.

The agent is J.P. Morgan Securities LLC.

Issuer:JPMorgan Chase Financial Co. LLC
Guarantor:JPMorgan Chase & Co.
Issue:Notes
Underlying basket:S&P 500 index, Euro Stoxx 50 index, Russell 2000 index; equally weighted
Amount:$1,013,000
Maturity:Dec. 27, 2024
Coupon:0%
Price:Par of $1,000
Payout at maturity:Par plus any basket gain, subject to floor of 90% of par
Initial values:3,240.02 for S&P, 1,669.033 for Russell and 3,782.2 for Stoxx
Pricing date:Dec. 27
Settlement date:Jan. 2
Agent:J.P. Morgan Securities LLC
Fees:0.5%
Cusip:48132HBA9

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