Published on 2/15/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $3 million gears linked to basket of five indexes
By William Gullotti
Buffalo, N.Y., Feb. 15 – JPMorgan Chase Financial Co. LLC priced $3 million of 0% gears due Feb. 14, 2028 linked to a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The basket is comprised of the Euro Stoxx 50 index with a 40% weight, the Nikkei 225 index with a 25% weight, the FTSE 100 index with a 17.5% weight, the Swiss Market index with a 10% weight and the S&P/ASX 200 index with a 7.5% weight.
If the basket return is greater than zero, the payout at maturity will be par plus 2.63 times the basket return.
If the basket return is negative, investors will be fully exposed to the basket’s decline.
J.P. Morgan is the underwriter with UBS Financial Services Inc. as selling agent.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Gears
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Underlying indexes: | Euro Stoxx 50 (40% weight), Nikkei 225 (25% weight), FTSE 100 (17.5% weight), Swiss Market (10% weight), S&P/ASX 200 (7.5% weight)
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Amount: | $3 million
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Maturity: | Feb. 14, 2028
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If basket return is greater than zero, par plus 2.63 times basket return; if basket return is negative, exposure to decline
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Initial levels: | 4,197.07 for Euro Stoxx, 27,696.08 for Nikkei, 7,672.4 for FTSE, 12,313.16 for Swiss Market, 7,288.453 for S&P/ASX
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Pricing date: | Feb. 10
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Settlement date: | Feb. 15
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Underwriter: | J.P. Morgan with UBS Financial Services Inc. as selling agent
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Fees: | 2%
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Cusip: | 48133A130
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