Published on 12/20/2017 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.00 million contingent buffered digital notes on three indexes
By Marisa Wong
Morgantown, W.Va., Dec. 20 – JPMorgan Chase Financial Co. LLC priced $1,997,000 of 0% contingent buffered digital notes due July 18, 2025 linked to the S&P 500 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final value of each asset is greater than or equal to its initial value, the payout at maturity will be par plus 103%.
If the final value of any asset is less than its initial value but none falls by more than 30%, the payout will be par.
If any asset falls by more than 30%, investors will be fully exposed to the least performing asset’s decline from its initial value.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Contingent buffered digital notes
|
Underlying assets: | S&P 500 index, Russell 2000 and Dow Jones industrial average
|
Amount: | $1,997,000
|
Maturity: | July 18, 2025
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the final value of each asset is greater than or equal to its initial value, par plus 103%; if the final value of any asset is less than its initial value but none falls by more than 30%, par; otherwise, investors will be fully exposed to the lesser-performing asset’s decline from its initial value
|
Initial values: | 2,675.81 for S&P, 1,530.425 for Russell and 24,651.74 for Dow
|
Pricing date: | Dec. 15
|
Settlement date: | Dec. 22
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | None
|
Cusip: | 48129HND5
|
© 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.