Published on 10/2/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $135,000 capped buffered return enhanced notes linked to Stoxx
Chicago, Oct. 2 – JPMorgan Chase Financial Co. LLC priced $135,000 of 0% capped buffered return enhanced notes due April 1, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout at maturity will be par plus 200% of the return of the index capped at par plus 44%. The payout will be par if the index declines but by no more than the 10% buffer. Investors will lose 1% for every 1% that the index declines beyond the buffer.
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 index: | Euro Stoxx 50 index
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Amount: | $135,000
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Maturity: | April 1, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains par plus 200% of index return capped at par plus 44%; par if index declines but by no more than 10% buffer; 1% loss for every 1% that index declines beyond the buffer
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Initial level: | 3,328.65
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Buffer level: | 90% of initial level
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Upside leverage: | 200%
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Cap: | 44%
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Buffer: | 10%
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Pricing date: | Sept. 27, 2022
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Settlement date: | Sept. 30, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.5%
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Cusip: | 48133MWJ5
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