Published on 12/4/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $606,000 capped buffered equity notes linked to S&P
Chicago, Dec. 4 – JPMorgan Chase Financial Co. LLC priced $606,000 of 0% capped buffered equity notes due April 30, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout at maturity will be par plus the return of the index capped at par plus 30.95%. The payout will be par if the index declines but by no more than the 35% contingent buffer. Investors will lose 1% for every 1% that the index declines if it loses more than the contingent 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: | Capped buffered equity notes
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Underlying index: | S&P 500 index
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Amount: | $606,000
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Maturity: | April 30, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains par plus index return capped at par plus 30.95%; par if index declines but by no more than the 35% contingent buffer; 1% loss for every 1% that index declines if it finishes below contingent buffer
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Initial level: | 3,859.11
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Contingent buffer level: | 65% of initial level
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Upside leverage: | 100%
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Cap: | 30.95%
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Contingent buffer: | 35%
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Pricing date: | Oct. 26, 2022
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Settlement date: | Oct. 31, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.25%
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Cusip: | 48133PFA6
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