Published on 4/26/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $35,000 capped notes linked to Euro Stoxx 50
Chicago, April 26 – JPMorgan Chase Financial Co. LLC priced $35,000 of 0% capped notes due May 28, 2027 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 150% of the return of the index capped at par plus 50%. Investors will lose 1% for every 1% that the index declines subject to a minimum payout of 95% of par.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $35,000
|
| Maturity: | May 28, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains par plus 150% of index return capped at par plus 50%; 1% loss for every 1% that index declines subject to a minimum payout of 95% of par
|
| Initial level: | 3,677.10
|
| Upside leverage: | 150%
|
| Cap: | 50%
|
| Principal protection: | 95%
|
| Pricing date: | May 25, 2022
|
| Settlement date: | May 31, 2022
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 4.08928%
|
| Cusip: | 48133F2M6
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
