Published on 4/7/2020 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.4 million digital notes linked to Dow, Russell, S&P
Chicago, April 7 – JPMorgan Chase Financial Co. LLC priced $1.4 million of 0% digital notes due June 25, 2020 linked to the least performing of the Russell 2000 index, the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
A trigger event occurs if any index closes below its trigger value, 70% of its initial level, on any day during the life of the notes.
If a trigger event has not occurred, the payout at maturity will be par plus 11%.
If a trigger event has occurred and the final level of each index is greater than or equal to its initial level, the payout will be par.
If a trigger event has occurred and the final level of any index is less than its initial level, investors will be exposed to the decline of the least-performing index.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Digital notes
|
| Underlying indexes: | Russell 2000, S&P 500 and Dow Jones industrial average
|
| Amount: | $1,400,000
|
| Maturity: | June 25, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Trigger event: | Any index closes below trigger value on any day during life of notes
|
| Payout at maturity: | If trigger event has not occurred, par plus 11%; if trigger event has occurred and final level of each index is greater than or equal to initial level, par; if trigger event has occurred and final level of any index is less than initial level, exposure to decline of least-performing index
|
| Initial levels: | 2,304.92 for S&P, 1,013.889 for Russell and 19,173.98 for Dow
|
| Trigger values: | 1,613.444 for S&P, 709.7223 for Russell and 13,421.786 for Dow, or 70% of initial levels
|
| Pricing date: | March 20
|
| Settlement date: | March 25
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.1%
|
| Cusip: | 48132KMJ1
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
