Published on 9/29/2017 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $500,000 six-year capped notes linked to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Sept. 29 – JPMorgan Chase Financial Co. LLC priced $500,000 of capped notes due Sept. 27, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus any index gain, capped at 90%. If the index falls, the payout will be par.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $500,000
|
| Maturity: | Sept. 27, 2023
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| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus any index gain, capped at 90%; minimum payout of par
|
| Initial value: | 3,541.42
|
| Pricing date: | Sept. 22
|
| Settlement date: | Sept. 27
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 46647MNK5
|
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