Published on 12/18/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $10.6 million buffered enhanced participation notes linked to indexes
By Wendy Van Sickle
Columbus, Ohio, Dec. 18 – JPMorgan Chase Financial Co. LLC priced $10.6 million of 0% buffered enhanced participation basket-linked notes due Dec. 16, 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 1.7065 times the basket return.
If the basket return is zero or negative but not below negative 10%, the payout will be par.
If the basket return is less than negative 10%, investors will lose 1.1111% for every 1% that the basket declines beyond 10%.
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: | Buffered enhanced participation basket-linked notes
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| 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: | $10,597,000
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| Maturity: | Dec. 16, 2025
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If basket return is positive, par plus 1.7065 times basket return; if basket return is zero or negative but not below negative 10%, par; otherwise, 1.1111% loss for every 1% that basket declines beyond 10%
|
| Initial levels: | 4,536.61 for Euro Stoxx, 2,353.16 for Topix, 7,542.77 for FTSE, 11,151.122 for Swiss Market and 7,235.287 for S&P/ASX
|
| Buffer level: | 90% of initial level
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| Pricing date: | Dec. 12
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| Settlement date: | Dec. 19
|
| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
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| Cusip: | 48134RP51
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