Published on 8/28/2020 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $530,000 contingent buffered digital notes on S&P, Russell
By Kiku Steinfeld
Chicago, Aug. 28 – JPMorgan Chase Financial Co. LLC priced $530,000 of 0% contingent buffered digital notes due Feb. 25, 2022 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above 80% of its initial level, the payout at maturity will be par plus the contingent 14.75% digital return.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Contingent buffered digital notes
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $530,000
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Maturity date: | Feb. 25, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above 80% of its initial level, par plus the contingent 14.75% digital return; otherwise, investors will lose 1% for each 1% decline of the worse performing index
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Initial levels: | 3,397.16 for S&P and 1,552.476 for Russell
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Contingent buffer levels: | 80% of initial levels
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Pricing date: | Aug. 21
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Settlement date: | Aug. 26
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 48132M2W0
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