Published on 12/9/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $165,470 trigger GEARS linked to index basket
By Wendy Van Sickle
Columbus, Ohio, Dec. 9 – JPMorgan Chase Financial Co. LLC priced $165,470 of 0% trigger GEARS due Oct. 19, 2032 linked to a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 17.5% weight, the Nikkei 225 index with a 25% 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 positive, the payout at maturity will be par plus 2.07 times the basket return.
Investors will receive par if the basket declines by 35% or less and will be fully exposed to the basket’s decline from its initial level if it declines by more than 35%.
The notes are guaranteed by JPMorgan Chase & Co.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Trigger GEARS
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Underlying indexes: | Euro Stoxx 50 (40% weight), FTSE 100 (17.5% weight), Nikkei 225 (25% weight), Swiss Market (10% weight), S&P/ASX 200 (7.5% weight)
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Amount: | $165,470
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Maturity: | Oct. 19, 2032
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 2.07 times any basket gain; par if basket declines by 35% or less; full exposure to basket’s decline from its initial level if it declines by more than 35%
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Initial levels: | 3,441.64 for Euro Stoxx, 26,775.79 for Nikkei, 6,920.24 for FTSE, 10,498.71 for Swiss Market, 6,664.44 for S&P/ASX
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Downside threshold: | 65% of initial basket value
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Pricing date: | Oct. 17
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Settlement date: | Oct. 19
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Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
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Fees: | 5%
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Cusip: | 48133J768
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