Published on 5/9/2018 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $3.26 million contingent buffered digital notes tied to indexes
By Wendy Van Sickle
Columbus, Ohio, May 9 – JPMorgan Chase Financial Co. LLC priced $3.26 million of 0% contingent buffered digital notes due Oct. 31, 2024 linked to the Russell 2000 index, the S&P 500 index and the Dow Jones Industrial Average, according to a 424B2 filed with the Securities and Exchange Commission.
If each index finishes above its initial level, the payout at maturity will be par plus the fixed return of 93.95%.
If any index falls by up to the 30% contingent buffer, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worst 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: | Contingent buffered digital notes
|
| Underlying indexes: | Russell 2000, S&P 500 and Dow Jones industrial average
|
| Amount: | $3,262,000
|
| Maturity: | Oct. 31, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index gains, par plus 93.95%; if any index falls by up to 30%, par; otherwise, 1% loss for each 1% decline of worst performing index
|
| Initial index levels: | 1,556.236 for Russell, 2,669.91 for S&P and 24,311.19 for Dow
|
| Contingent buffer: | 30%
|
| Pricing date: | April 27
|
| Settlement date: | May 4
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48129MLQ7
|
|
|
© 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.
