Published on 7/7/2020 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $6 million digital contingent buffered notes on indexes
By Sarah Lizee
Olympia, Wash., July 7 – JPMorgan Chase Financial Co. LLC priced $6 million of 0% digital contingent buffered notes due July 14, 2021 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level or falls by up to 30%, the payout will be par plus 12.26%.
Otherwise, investors will lose 1% decline for every 1% decline of the least performing index from its initial level.
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: | Digital contingent buffered notes
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Underlying indexes: | S&P 500 index, Russell 2000 index and Euro Stoxx 50 index
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Amount: | $6 million
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Maturity: | July 14, 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 its initial level or falls by up to 30%, par plus 12.26%; otherwise, investors will lose 1% decline for every 1% decline of the least performing index from its initial level
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Initial levels: | 3,009.05 for S&P, 1,378.78 for Russell and 3,204.17 for Stoxx
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Contingent buffers: | 70% of initial levels
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Pricing date: | June 26
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Settlement date: | July 1
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48132MA84
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