Published on 12/9/2020 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $5.74 million digital equity notes linked to S&P 500
By Cady Vishniac
Detroit, Dec. 9 – JPMorgan Chase Financial Co. LLC priced $5.74 million of 0% digital equity notes due Feb. 7, 2023 linked to the S&P 500 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 greater than or equal to negative 15%, the payout at maturity will be the threshold settlement amount of $1,128.50 per $1,000 of notes.
Otherwise, investors will lose 1.765% for every 1% index decline beyond 15%.
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: | Digital equity notes
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Underlying index: | S&P 500
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Amount: | $5,737,000
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Maturity: | Feb. 7, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the final index level is greater than or equal to 85% threshold level, $1,128.50 per $1,000 of notes; otherwise, 1.765% loss for every 1% index decline beyond 15% buffer
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Initial level: | 3,666.72
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Threshold level: | 85% of initial level
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Pricing date: | Dec. 3
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Settlement date: | Dec. 10
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 48132P6L3
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