Published on 2/24/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.5 million buffered return enhanced notes linked to Euro Stoxx 50
Chicago, Feb. 24 – JPMorgan Chase Financial Co. LLC priced $1.5 million of 0% buffered return enhanced notes due June 21, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.5 times the index return. Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that the index may decline from its initial level.
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: | Buffered return enhanced notes
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Underlying index: | Euro Stoxx 50
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Amount: | $1,500,000
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Maturity: | June 21, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any index gain; par if index declines by 20% or less; otherwise, 1% loss for every 1% that index may decline from initial level
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Initial index level: | 4,274.92
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Barrier level: | 80% of initial level
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Pricing date: | Feb. 17
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Settlement date: | Feb. 23
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.167%
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Cusip: | 48133UGB2
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