Published on 5/9/2019 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.22 million capped notes due 2021 on S&P, Russell
By Wendy Van Sickle
Columbus, Ohio, May 9 – JPMorgan Chase Financial Co. LLC priced $1.22 million of 0% capped notes due April 30, 2021 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus any gain of the lesser performing index, capped at par plus 13%. If either index declines, the payout will be par plus the return of the lesser performing index, subject to a minimum payout of 95% of par.
The agent is J.P. Morgan Securities LLC.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Capped notes
|
Underlying indexes: | S&P 500, Russell 2000
|
Amount: | $1,217,000
|
Maturity: | April 30, 2021
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus any gain of the lesser performing index, capped at par plus 13%; if either index declines, par plus the return of the lesser performing index, subject to a minimum payout of 95% of par
|
Initial levels: | 2,945.83 for S&P 500 and 1,591.211 for Russell
|
Pricing date: | April 30
|
Settlement date: | May 3
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 0.39195%
|
Cusip: | 48130WU82
|
|
© 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.