Published on 5/17/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $500,000 capped barrier notes on S&P 500
Chicago, May 17 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% capped barrier notes due June 26, 2025 linked to the S&P 500 index, 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 84%.
If the index finishes flat or declines by up to 40%, 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: | S&P 500 index
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Amount: | $500,000
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Maturity: | June 26, 2025
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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 84%; par if index finishes flat or declines by up to 40%; otherwise, 1% loss for every 1% index decline
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Initial value: | 3,759.89
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Barrier level: | 2,255.934, 60% of initial level
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Pricing date: | June 22, 2022
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Settlement date: | June 27, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.7%
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Cusip: | 48133GH71
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