Published on 6/6/2019 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $4.88 million capped buffered enhanced notes linked to Euro Stoxx
By Marisa Wong
Morgantown, W.Va., June 6 – JPMorgan Chase Financial Co. LLC priced $4.88 million of 0% capped buffered enhanced participation equity notes due May 12, 2021 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 2 times the index return, subject to a maximum settlement amount of $1,235 per $1,000 of notes. Investors will receive par if the index declines by 25% or less and will lose 1.3333% for every 1% that it declines beyond 25%.
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 buffered enhanced participation equity notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $4,876,000
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Maturity: | May 12, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 2 times the index return, capped at $1,235 per $1,000 of notes; par if the index declines by 35% or less; 1.3333% loss for every 1% that it declines beyond 25%
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Initial level: | 3,361.05
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Pricing date: | May 10
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Settlement date: | May 17
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2%
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Cusip: | 48132CLD3
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