Published on 11/7/2018 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $407,000 trigger in-digital notes due 2019 on S&P 500
By Susanna Moon
Chicago, Nov. 7 – JPMorgan Chase Financial Co. LLC priced $407,000 of 0% trigger in-digital notes due Dec. 31, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its 85% downside threshold, the payout at maturity will be par of $10 plus 9.4%.
Otherwise, investors will be fully exposed to any losses.
The notes are guaranteed by JPMorgan Chase & Co.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | J.P. Morgan Securities LLC
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Issue: | Trigger in-digital notes
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Underlying indexes: | S&P 500
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Amount: | $407,000
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Maturity: | Dec. 31, 2019
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index finishes at or above downside threshold, par plus 9.4%; otherwise, 1% loss per 1% decline
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Initial level: | 2,658.69
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Downside threshold: | 2,259.89, 85% of initial level
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Pricing date: | Oct. 26
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Settlement date: | Oct. 31
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Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 48130V624
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