Published on 8/12/2020 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $954,000 dual directional contingent buffered notes on Dow, Russell, S&P
By Sarah Lizee
Olympia, Wash., Aug. 12 – JPMorgan Chase Financial Co. LLC priced $954,000 of 0% uncapped dual directional contingent buffered return enhanced notes due Aug. 5, 2025 tied to the least performing of the Dow Jones industrial average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes above its initial level, the payout at maturity will be par plus 1.3 times the return of the least performing index.
If any index falls but by no more than the 30% contingent buffer, the payout will be par plus the absolute value of the return of the least-performing index.
If any index falls by more than 30%, investors will lose 1% for each 1% 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: | Uncapped dual directional contingent buffered return enhanced notes
|
Underlying indexes: | Dow Jones industrial average, Russell 2000 and S&P 500
|
Amount: | $954,000
|
Maturity: | Aug. 5, 2025
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If each index gains, par plus 1.3 times the return of the least performing index; if any index falls by up to 30%, par plus absolute value of return of least-performing index; otherwise, investors will lose 1% for each 1% decline of the least-performing index
|
Initial levels: | 3,271.12 for S&P, 1,480.427 for Russell and 26,428.32 for Dow
|
Buffer levels: | 70% of initial levels
|
Pricing date: | July 31
|
Settlement date: | Aug. 5
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 0.80739%
|
Cusip: | 48132MQA2
|
|
© 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.