Published on 2/26/2018 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.85 million contingent buffered digital notes tied to Euro Stoxx
By Marisa Wong
Morgantown, W.Va., Feb. 26 – JPMorgan Chase Financial Co. LLC priced $1.85 million of 0% contingent buffered digital notes due Feb. 22, 2024 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.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus 94%. If the index falls by up to 30%, the payout will be par. If the final index level is less than the initial index level by more than 30%, investors will be fully exposed to the index’s decline from its initial level.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Contingent buffered digital notes
|
Underlying index: | Euro Stoxx 50
|
Amount: | $1,852,000
|
Maturity: | Feb. 22, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If final index level is greater than or equal to initial index level, par plus 94%; if index falls by up to 30%, par; if final index level is less than initial index level by more than 30%, full exposure to index’s decline from initial level
|
Initial index level: | 3,426.80
|
Pricing date: | Feb. 16
|
Settlement date: | Feb. 26
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 3.5%
|
Cusip: | 46647MQD8
|
|
© 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.