Published on 4/21/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $5.56 million capped buffered enhanced participation notes on basket
By Wendy Van Sickle
Columbus, Ohio, April 21 – JPMorgan Chase Financial Co. LLC priced $5.56 million of 0% capped buffered enhanced participation notes due Feb. 26, 2024 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 29% weight, the FTSE 100 index with a 16% weight, the Swiss Market index with an 11% weight and the S&P/ASX 200 index with an 8% weight.
If the basket return is positive, the payout at maturity will be par plus 1.5 times the basket return, up to the maximum settlement amount of $1,300 for each $1,000 note.
Investors will receive par if the basket declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond the 10% buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered enhanced participation notes
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| Underlying basket: | Euro Stoxx 50 index (36% weight), Topix index (29% weight), FTSE 100 index (16% weight), Swiss Market index (11% weight) and S&P/ASX 200 index (8% weight)
|
| Amount: | $5,555,000
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| Maturity: | Feb. 26, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket return is positive, par plus 1.5 times basket return, up to the maximum settlement amount of $1,300 for each $1,000 note; par if basket declines by 10% or less; 1.1111% loss for every 1% that basket declines beyond buffer
|
| Initial levels: | 3,985.47 for Stoxx, 1,881.08 for Topix, 7,494.21 for FTSE, 11,959.39 for Swiss Market and 7,161.276 for S&P/ASX
|
| Buffer level: | 90% of initial basket level
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| Pricing date: | Feb. 22
|
| Settlement date: | March 1
|
| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
|
| Cusip: | 48133CX64
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