Published on 7/11/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.88 million capped buffered equity notes on three indexes
New York, July 11 – JPMorgan Chase Financial Co. LLC priced $1.88 million of 0% capped buffered equity notes due July 12, 2023 linked to the Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains the payout at maturity will be par plus 100% of the return of the worst performing index capped at par plus 14.85%. The payout will be par if the worst performing index declines but by no more than the 30% buffer. Investors will lose 1% for every 1% that the worst performing 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 equity notes
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Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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Amount: | $1,876,000
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Maturity: | July 12, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index gains par plus 100% of worst performing index return capped at par plus 14.85%; par if worst performing index declines but by no more than 30% buffer; 1% loss for every 1% that worst performing index declines beyond the buffer
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Initial levels: | 11,852.59 for Nasdaq-100, 1,727.547 for Russell 2000, 3,845.08 for S&P 500
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Upside leverage: | 100%
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Cap: | 14.85%
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Buffer: | 30%
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Pricing date: | July 6
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Settlement date: | July 11
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.65%
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Cusip: | 48133LKH4
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