Published on 9/25/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $435,000 capped return enhanced notes linked to Schlumberger
Chicago, Sept. 25 – JPMorgan Chase Financial Co. LLC priced $435,000 of 0% capped return enhanced notes due March 21, 2023 linked to the common stock of Schlumberger NV, according to a 424B2 filing with the Securities and Exchange Commission.
If the stock gains the payout at maturity will be par plus 400% of the return of the stock capped at par plus 27.6%. Investors will lose 1% for every 1% that the stock declines.
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: | Capped return enhanced notes
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Underlying stock: | Schlumberger NV
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Amount: | $435,000
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Maturity: | March 21, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If stock gains par plus 400% of stock return capped at par plus 27.6%; 1% loss for every 1% that stock declines
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Initial level: | $38.37
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Upside leverage: | 400%
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Cap: | 27.6%
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Strike date: | Sept. 16, 2022
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Pricing date: | Sept. 19, 2022
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Settlement date: | Sept. 22, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.5%
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Cusip: | 48133NDY1
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