Published on 12/6/2019 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.07 million capped buffered equity notes on basket
By Wendy Van Sickle
Columbus, Ohio, Dec. 6 – JPMorgan Chase Financial Co. LLC priced $1.07 million of 0% capped buffered equity notes due Nov. 28, 2022 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with an 80% weight and the iShares MSCI EAFE ETF with a 20% weight.
The notes are guaranteed by JPMorgan Chase & Co.
If the basket finishes at or above its initial value, the payout at maturity will be par plus the basket gain up to 26%. Investors will receive par if the basket falls by up to 20% and will be exposed to any losses beyond 20%.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped buffered equity notes
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| Underlying indexes: | S&P 500 (80% weight), iShares MSCI EAFE ETF (20% weight)
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| Amount: | $1,073,000
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| Maturity: | Nov. 28, 2022
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus any basket gain up to 26%; par if basket falls by up to 20%; otherwise, investors will be exposed to any losses beyond 20%
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| Initial values: | 3,110.29 for S&P, $67.98 for ETF
|
| Pricing date: | Nov. 22
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| Settlement date: | Nov. 27
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.7%
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| Cusip: | 48132FT48
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