Published on 5/12/2020 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $545,000 contingent buffered digital notes on S&P, Dow
By Sarah Lizee
Olympia, Wash., May 12 – JPMorgan Chase Financial Co. LLC priced $545,000 of 0% contingent buffered digital notes due May 13, 2021 linked to the least performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above 60% of its initial level, the payout at maturity will be par plus the contingent digital return of 8%.
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 Dow Jones industrial average
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Amount: | $545,000
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Maturity: | May 13, 2021
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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 60% of its initial level, par plus 8%; otherwise, 1% loss per 1% drop of worse performing index
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Initial levels: | 23,875.89 for Dow and 2,881.19 for S&P
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Contingent buffers: | 60% of initial levels
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Pricing date: | May 7
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Settlement date: | May 12
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.6%
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Cusip: | 48132K6J9
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