Published on 12/26/2018 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $95,000 leveraged notes with 95% floor tied to three indexes
By Susanna Moon
Chicago, Dec. 26 – JPMorgan Chase Financial Co. LLC priced $95,000 0% notes due Nov. 30, 2023 linked to a basket consisting of the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index, equally weighted, according to a 424B2 filing with the Securities and Exchange Commission.
If the basket finishes above its initial level, the payout at maturity will be par plus 120% of the gain.
If the basket falls, the payout will be par plus the return with a minimum payout of 95% of par.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Notes
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Underlying basket: | Euro Stoxx 50 index, Russell 2000 index and S&P 500 index, equally weighted
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Amount: | $95,000
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Maturity: | Nov. 30, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.2 times of any gain; otherwise, plus return, floor of 95% of par
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Initial levels: | 3,173.13 for Stoxx, 1,533.266 for Russell and 2,760.17 for S&P
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Pricing date: | Nov. 30
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Settlement date: | Dec. | 5
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.5%
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Cusip: | 48130UZ81
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