Published on 11/2/2018 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $3.01 million contingent buffered return enhanced notes on indexes
By Sarah Lizee
Olympia, Wash., Nov. 2 – JPMorgan Chase Financial Co. LLC priced $3.01 million of 0% uncapped contingent buffered return enhanced notes due Nov. 2, 2023 linked to the least performing of the Dow Jones Industrial Average, Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each asset finishes above its initial level, the payout at maturity will be par plus 1.64 times the gain of the worst performing asset.
If any asset falls but by no more than the 50% contingent buffer, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worst performing asset.
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 contingent buffered return enhanced notes
|
Underlying assets: | Dow Jones Industrial Average, Russell 2000 index and the S&P 500 index
|
Amount: | $3,012,000
|
Maturity: | Nov. 2, 2023
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If each asset finishes above its initial level, par plus 1.64 times the gain of the worst performing asset; if any asset falls by up to 50%, par; otherwise, 1% loss for each 1% decline of worst performing asset
|
Initial levels: | 24,874.64 for Dow, 1,506.637 for Russell and 2,682.63 for S&P
|
Pricing date: | Oct. 30
|
Settlement date: | Nov. 2
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 0.5%
|
Cusip: | 48130UG74
|
© 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.