Published on 8/18/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $4.58 million capped buffered return enhanced notes linked to index basket
Chicago, Aug. 18 – JPMorgan Chase Financial Co. LLC priced $4.58 million of 0% capped buffered return enhanced notes due Oct. 17, 2023 linked to an unequally weight basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the Euro Stoxx 50 index with a 36% weight, the Topix index with a 26% weight, the FTSE 100 index with a 17% weight, the Swiss Market index with a 12% weight and the S&P/ASX 200 index with a 9% weight.
If the basket gains, the payout at maturity will be par plus 200% of the return of the basket capped at par plus 25.15%. The payout will be par if the basket declines but by no more than the 10% buffer. Investors will lose 1.11111% for every 1% that the basket declines beyond the buffer.
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 buffered return enhanced notes
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| Underlying basket: | Euro Stoxx 50 index (36% weight), Topix index (26% weight), FTSE 100 index (17% weight), Swiss Market index (12% weight) and S&P/ASX 200 index (9% weight)
|
| Amount: | $4,581,000
|
| Maturity: | Oct. 17, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket gains, par plus 200% of basket return capped at par plus 25.15%; par if basket declines but by no more than 10% buffer; 1.11111% loss for every 1% that basket declines beyond the buffer
|
| Initial level: | 3,776.81 for Stoxx, 1,973.18 for Topix, 7,500.89 for FTSE, 11,128.24 for Swiss, 7,032.505 for ASX
|
| Pricing date: | Aug. 12
|
| Settlement date: | Aug. 17
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.25%
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| Cusip: | 48133MGW4
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