Published on 11/21/2019 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $4.68 million capped buffered return enhanced notes on Russell 2000
Chicago, Nov. 21 – JPMorgan Chase Financial Co. LLC priced $4.68 million of 0% capped buffered return enhanced notes due Sept. 10, 2021 linked to the Russell 2000 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 1.5 times any gain, capped at par plus 17.8%.
If the index declines by up to 20%, the payout will be par. Investors will lose 1.25% for each 1% decline beyond 20%.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Capped buffered return enhanced notes
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Underlying index: | Russell 2000 index
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Amount: | $4,675,000
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Maturity: | Sept. 10, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any gain, capped at par plus 17.8%; par if index declines by up to 20%; 1.25% loss for each 1% loss beyond 20%
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Initial level: | 1,599.611
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Buffer level: | 80% of initial level
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Pricing date: | Nov. 5
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Settlement date: | Nov. 12
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Fees: | None
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Cusip: | 48132FK21
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