Published on 12/11/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $9.72 million buffered enhanced participation notes linked to indexes
By Angela McDaniels
Tacoma, Wash., Dec. 11 – JPMorgan Chase Financial Co. LLC priced $9.72 million of 0% capped buffered enhanced participation basket-linked notes due March 28, 2025, 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 (9% weight).
If the basket return is positive, the payout at maturity will be par plus two times the basket return, subject to a maximum settlement amount of $1,448 per $1,000 principal amount of notes.
If the basket return is zero or negative but not below negative 15%, the payout will be par.
If the basket return is less than negative 15%, investors will lose 1.1765% for every 1% that the basket declines beyond 15%.
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 enhanced participation basket-linked notes
|
| Underlying indexes: | 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: | $9,722,000
|
| Maturity: | March 28, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket return is positive, par plus two times basket return, subject to maximum return of 44.8%; if basket return is zero or negative but not below negative 15%, par; otherwise, 1.1765% loss for every 1% that basket declines beyond 15%
|
| Initial levels: | 4,285.42 for Euro Stoxx, 1,983.32 for Topix, 7,620.43 for FTSE, 11,032.21 for Swiss Market and 7,122.336 for S&P/ASX
|
| Buffer level: | 85% of initial level
|
| Pricing date: | March 30
|
| Settlement date: | April 6
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0%
|
| Cusip: | 48133VLL2
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