Published on 2/8/2019 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $2.19 million digital equity notes linked to Euro Stoxx
By Sarah Lizee
Olympia, Wash., Feb. 8 – JPMorgan Chase Financial Co. LLC priced $2.19 million of 0% digital equity notes due April 16, 2020 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 greater than or equal to 90% of its initial level, the payout at maturity will be the threshold settlement amount, $1,109.40 per $1,000 of notes.
Otherwise, investors will lose 1.1111% for every 1% decline of the index beyond 10%.
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: | Digital equity notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $2,188,000
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Maturity: | April 16, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is greater than or equal to 90% of its initial level, $1,109.40 per $1,000 of notes; otherwise, 1.1111% loss for every 1% decline of the index beyond 10%
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Initial level: | 3,212.75
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Pricing date: | Feb. 6
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Settlement date: | Feb. 13
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 48130WUW9
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