Published on 6/12/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $550,000 capped return enhanced notes linked to Ford Motor
New York, June 12 – JPMorgan Chase Financial Co. LLC priced $550,000 of 0% capped return enhanced notes due Jan. 18, 2024 linked to the common stock of Ford Motor Co., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock gains the payout at maturity will be par plus 175% of the return of the stock capped at par plus 84.65%. Investors will lose 1% for every 1% that the stock declines.
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 return enhanced notes
|
Underlying stock: | Ford Motor Co.
|
Amount: | $550,000
|
Maturity: | Jan. 18, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If stock gains par plus 175% of stock return capped at par plus 84.65%; 1% loss for every 1% that stock declines
|
Initial level: | $11.56
|
Upside leverage: | 175%
|
Cap: | 84.65%
|
Pricing date: | July 12, 2022
|
Settlement date: | July 15, 2022
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 2.25%
|
Cusip: | 48133LPP1
|
|
|
© 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.