Published on 9/6/2020 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $2.03 million capped airbag gears linked to MSCI EAFE
By Marisa Wong
Los Angeles, Sept. 8 – JPMorgan Chase Financial Co. LLC priced $2.03 million of 0% capped airbag gears due Sept. 20, 2022 linked to the MSCI EAFE 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 the index return, subject to a maximum gain of 20%. Investors will receive par if the index falls by up to 14.3% and will lose 1.16686% for each 1% that the index may decline beyond 14.3%.
J.P. Morgan Securities LLC and UBS Financial Services Inc. are the agents.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Capped airbag gears
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Underlying index: | MSCI EAFE index
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Amount: | $2,027,000
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Maturity: | Sept. 20, 2022
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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 index gain, capped at par plus 20%; par if index falls by up to 14.3%; 1.16686% loss for each 1% index decline beyond 14.3%
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Initial level: | 1,917.08
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Downside threshold: | 1,642.94, 85.7% of initial level
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Pricing date: | Aug. 26
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Settlement date: | Aug. 31
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Agents: | J.P. Morgan Securities LLC and UBS Financial Services Inc.
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Fees: | None
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Cusip: | 48132MH46
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