Published on 11/5/2018 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $500,000 capped buffered return enhanced notes on Stoxx
By Sarah Lizee
Olympia, Wash., Nov. 5 – JPMorgan Chase Financial Co. LLC priced $500,000 of capped buffered return enhanced notes due Nov. 3, 2022 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 closes at or above its initial value, the payout at maturity will be par plus 4 times any gain up to a maximum payout of $2,000 per $1,000 principal amount.
If the index declines by up to 20%, the payout will be par. Investors will be exposed to any losses beyond 20%.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Capped buffered return enhanced notes
|
Underlying index: | Euro Stoxx 50
|
Amount: | $500,000
|
Maturity: | Nov. 3, 2022
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 4 times any index gain, up to a maximum payout of $2,000 per $1,000 principal amount; par if index declines by up to 20%; otherwise, exposure to losses beyond 20%
|
Initial value: | 3,197.51
|
Pricing date: | Oct. 31
|
Settlement date: | Nov. 5
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | None
|
Cusip: | 48130UM51
|
© 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.