Published on 11/2/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $25,000 capped barrier notes on Ensemble.Ai Large Blend index
Chicago, Nov. 2 – JPMorgan Chase Financial Co. LLC priced $25,000 of 0% capped barrier notes due Aug. 31, 2023 linked to the Ensemble.Ai Large Blend Index PR, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes above its initial value, the payout at maturity will be par plus the gain, capped at 15.5%.
If the index finishes flat or declines by up to 30%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline of the index.
The agent is J.P. Morgan Securities LLC.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Capped barrier notes
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Underlying index: | Ensemble.Ai Large Blend Index PR
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Amount: | $25,000
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Maturity: | Aug. 31, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, capped at 15.5%; par if index finishes flat or declines by up to 30%; otherwise, 1% loss for every 1% index decline
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Initial value: | 4,657.62
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Barrier level: | 3,260.334, 70% of initial level
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Pricing date: | Feb. 28
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Settlement date: | March 3
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.625%
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Cusip: | 48133CF98
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