Published on 6/28/2018 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $2.04 million capped enhanced notes linked to Euro Stoxx
By Marisa Wong
Morgantown, W.Va., June 28 – JPMorgan Chase Financial Co. LLC priced $2.04 million of 0% capped enhanced participation equity notes due July 24, 2019 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 index return is positive, the payout at maturity will be par plus 3 times the index return, subject to a maximum settlement amount of $1,280.50 per $1,000 principal amount of notes. If the index return is negative, investors will have one-to-one exposure to the decline.
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: | Capped enhanced participation equity notes
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Underlying index: | Euro Stoxx 50
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Amount: | $2,036,000
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Maturity: | July 24, 2019
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | If index return is positive, par plus 3 times index return, subject to maximum settlement amount of $1,280.50 per note; one-to-one exposure to any index decline
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Initial index level: | 3,403.51
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Pricing date: | June 21
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Settlement date: | June 28
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.96%
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Cusip: | 48129M2X3
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