Published on 6/10/2016 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $148,000 buffered digital notes linked to low volatility index
By Angela McDaniels
Tacoma, Wash., June 10 – JPMorgan Chase Financial Co. LLC priced $148,000 of 0% buffered digital notes due May 31, 2019 linked to the S&P 500 Low Volatility High Dividend index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes at or above the initial index level, the payout at maturity will be par plus 26%. Investors will receive par if the index falls by up to 25% and will be fully exposed to the loss if the index falls beyond 25%.
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: | Buffered digital notes
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Underlying index: | S&P 500 Low Volatility High Dividend index
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Amount: | $148,000
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Maturity: | May 31, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above initial index level, par plus 26%; par if index falls by up to 25%; full exposure to loss if index falls beyond 25%
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Initial index level: | 6,137.285
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Pricing date: | May 25
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Settlement date: | May 31
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.6%
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Cusip: | 46646EBT8
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