Published on 10/26/2016 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $692,000 contingent buffered digital notes on S&P, Russell
By Tali Rackner
Norfolk, Va., Oct. 26 – JPMorgan Chase Financial Co. LLC priced $692,000 of 0% contingent buffered digital notes due Oct. 24, 2019 linked to 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.
If the final level of each index is greater than or equal to its initial index level or is less than the initial index level by up to 30%, the payout at maturity will be par plus 21.5%.
If the final level of either index is less than its initial index level by more than 30%, investors will be fully exposed to the lesser-performing index’s decline from its initial level.
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: | Contingent buffered digital notes
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $692,000
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Maturity: | Oct. 24, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final level of each index is greater than or equal to initial level or is less than initial level by up to 30%, par plus 21.5%; if either index falls by more than 30%, full exposure to lesser-performing index’s decline from initial level
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Initial index levels: | 2,141.16 for S&P, 1,218.096 for Russell
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Pricing date: | Oct. 21
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Settlement date: | Oct. 26
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 46646EY22
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