Published on 7/5/2018 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $600,000 knock-out notes linked to Euro Stoxx 50 index
By Wendy Van Sickle
Columbus, Ohio, July 5 – JPMorgan Chase Financial Co. LLC priced $600,000 of 0% knock-out notes due April 12, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If the index ends above its initial level but at or below the knock-out level of 111.5% of its initial level, the payout at maturity will be par plus 50% of the index return.
Otherwise the payout will be par.
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: | Knock-out notes
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Underlying index: | Euro Stoxx 50
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Amount: | $600,000
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Maturity: | April 12, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index ends above initial level but at or below knock-out level of 111.5% of initial level, par plus 50% of index return
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Initial index level: | 3,397.13
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Knock-out level: | 3,787.79995, 111.5% of initial level
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Final level: | Average closing level of index on five trading days ending April 9, 2019
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Pricing date: | June 28
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Settlement date: | July 3
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.35%
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Cusip: | 48129M4P8
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