Published on 9/20/2016 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $3.21 million contingent buffered notes linked to three indexes
By Angela McDaniels
Tacoma, Wash., Sept. 20 – JPMorgan Chase Financial Co. LLC priced $3.21 million of 0% uncapped contingent buffered equity notes due Sept. 19, 2019 linked 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 the final level of each index is greater than or equal to its initial level, the payout at maturity will be par plus the greater of the least-performing index’s return and 39.5%.
If the final level of any index is less than its initial level by up to 35%, the payout will be par.
If the final level of any index is less than its initial level by more than 35%, investors will be fully exposed to the decline of the least-performing index.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped contingent buffered equity notes
|
| Underlying indexes: | Dow Jones industrial average, Russell 2000 and S&P 500
|
| Amount: | $3,205,000
|
| Maturity: | Sept. 19, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final level of each index is greater than or equal to initial level, par plus greater of least-performing index’s return and 39.5%; if final level of any index is less than initial level by up to 35%, par; if final level of any index is less than initial level by more than 35%, full exposure to decline of least-performing index
|
| Initial index levels: | 2,139.16 for S&P 500, 1,224.779 for Russell 2000 and 18,123.80 for Dow
|
| Pricing date: | Sept. 16
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| Settlement date: | Sept. 21
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.4%
|
| Cusip: | 46646EZY1
|
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