Published on 5/6/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $80,000 uncapped buffered return enhanced notes on Stoxx, EAFE ETF
By Kiku Steinfeld
Chicago, May 6 – JPMorgan Chase Financial Co. LLC priced $80,000 of 0% uncapped buffered return enhanced notes due Jan. 2, 2026 linked to the Euro Stoxx 50 index and iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing asset gains, the payout at maturity will be par plus 180% of the return of the worst performing asset. The payout will be par if the worst performing asset declines but by no more than the 10% buffer. Investors will lose 1% for every 1% that the worst performing asset 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
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Uncapped buffered return enhanced notes
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Underlying assets: | Euro Stoxx 50 index and iShares MSCI EAFE ETF
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Amount: | $80,000
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Maturity: | Jan. 2, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing asset gains, par plus 180% of worst performing asset return; par if worst performing asset declines but by no more than 10% buffer; 1% loss for every 1% that worst performing asset declines beyond the buffer
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Initial levels: | 3,850.07 for Stoxx, $66.32 for EAFE ETF
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Upside leverage: | 180%
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Cap: | None
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Buffer: | 10%
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Pricing date: | Dec. 29, 2022
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Settlement date: | Jan. 4, 2023
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.5%
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Cusip: | 48133PD83
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