Published on 7/13/2018 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $750,000 capped buffered return enhanced notes on S&P, Russell
By Wendy Van Sickle
Columbus, Ohio, July 13 – JPMorgan Chase Financial Co. LLC priced $750,000 of 0% capped buffered return enhanced notes due July 2, 2020 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.
If each index finishes above its initial level, the payout at maturity will be par plus 2 times any gain of the worse performing index up to a maximum payout of par plus 27.5%.
If either index falls by up to 10%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index beyond 10%.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Capped buffered return enhanced notes
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $750,000
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Maturity: | July 2, 2020
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | If each index gains, par plus 2 times any gain of worse performing index, up to maximum of par plus 27.5%; if either index falls by up to 10%, par; otherwise, 1% loss for each 1% decline of worse performing index beyond 10%
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Initial levels: | 1,645.017 for Russell and 2,716.31 for S&P
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Pricing date: | June 28
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Settlement date: | July 3
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.6%
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Cusip: | 48129M5B8
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