Published on 4/20/2020 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $839,000 uncapped return enhanced notes on S&P, Dow
By Sarah Lizee
Olympia, Wash., April 20 – JPMorgan Chase Financial Co. LLC priced $839,000 of 0% uncapped return enhanced notes due April 11, 2024 linked to the least performing of the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index gains, the payout at maturity will be par plus 1.6 times the return of the least-performing index.
Investors will be fully exposed to any loss 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
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Uncapped return enhanced notes
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Underlying indexes: | Dow Jones industrial average and S&P 500 index
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Amount: | $839,000
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Maturity: | April 11, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index gains, par plus 1.6 times return of least-performing index; 1% loss for every 1% that least-performing index declines
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Initial levels: | 2,749.98 for S&P, 23,433.57 for Dow
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Pricing date: | April 9
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Settlement date: | April 15
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48132KSD8
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