Published on 10/17/2019 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $5.2 million contingent buffered digital notes on Stoxx, Russell
By Sarah Lizee
Olympia, Wash., Oct. 17 – JPMorgan Chase Financial Co. LLC priced $5.2 million of 0% contingent buffered digital notes due Nov. 16, 2020 linked to the least performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above 67.5% of its initial level, the payout at maturity will be par plus the contingent digital return of 7%
Otherwise, investors will lose 1% for each 1% decline of the worse 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: | Contingent buffered digital notes
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Underlying indexes: | Euro Stoxx 50 and Russell 2000
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Amount: | $5,198,000
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Maturity: | Nov. 16, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above 67.5% of its initial level, par plus 7%; otherwise, 1% loss per 1% drop of worse performing index
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Initial levels: | 3,569.92 for Stoxx, 1,511.9 for Russell
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Buffer amount: | 67.5% of initial levels
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Pricing date: | Oct. 11
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Settlement date: | Oct. 17
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 48132FVL7
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