Published on 5/14/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.27 million capped buffered return enhanced notes on Russell 2000
By Kiku Steinfeld
Chicago, May 14 – JPMorgan Chase Financial Co. LLC priced $1.27 million of capped buffered return enhanced notes due Oct. 27, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index return is positive, the payout at maturity will be par plus 2 times any gain, capped at par plus 12%.
If the index declines by up to 10%, the payout will be par. Investors will lose 1% for each 1% decline beyond 10%.
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 return enhanced notes
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Underlying index: | Russell 2000
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Amount: | $1,265,000
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Maturity: | Oct. 27, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is positive, the payout at maturity will be par plus 2 times any gain, capped at par plus 12%; if the index declines by up to 10%, the payout will be par. Investors will lose 1% for each 1% decline beyond 10%
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Initial level: | 2,271.856
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Buffer level: | 90% of initial level
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Pricing date: | April 23
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Settlement date: | April 28
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.5%
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Cusip: | 48132TUA2
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