Published on 9/5/2019 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $4.69 million digital notes linked to Russell, Stoxx
Chicago, Sept. 5 – JPMorgan Chase Financial Co. LLC priced $4.69 million of 0% digital notes due Sept. 17, 2020 linked to the lesser performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If neither index closes below 62.5% of its initial value during the life of the notes, the payout at maturity will be par plus 6.15%.
Otherwise, investors will be exposed to the losses of the least performing index.
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: | Digital notes
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Underlying indexes: | Russell 2000 and Euro Stoxx 50
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Amount: | $4,691,000
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Maturity: | Sept. 17, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If neither index closes below 62.5% of initial value during the life of the notes, the payout will be par plus 6.15%, otherwise full exposure to losses of final value of least performing index
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Initial levels: | 1,467.522 for Russell 2000 and 3,288.70 for Euro Stoxx 50
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Trigger values: | 917.20125 for Russell 2000 and 2,055.4375 for Euro Stoxx 50, 62.5% of initial values
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Pricing date: | Aug. 14
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Settlement date: | Aug. 19
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 48132CT60
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