Published on 9/9/2019 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $14.78 million digital notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., Sept. 9 – JPMorgan Chase Financial Co. LLC priced $14.78 million of 0% digital equity notes due Oct. 29, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than or equal to negative 10%, the payout at maturity will be $1,081 per $1,000 principal amount of notes. Otherwise, investors will lose 1.1111% for every 1% that the index declines beyond 10%.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Digital equity notes
|
Underlying index: | Euro Stoxx 50
|
Amount: | $14,775,000
|
Maturity: | Oct. 29, 2020
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index return is greater than or equal to negative 10%, $1,081 per $1,000 principal amount of notes; otherwise, 1.1111% loss for every 1% that index declines beyond 10%
|
Initial level: | 3,484.7
|
Pricing date: | Sept. 5
|
Settlement date: | Sept. 11
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 1.01%
|
Cusip: | 48132FEX0
|
© 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.