Published on 4/18/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.28 million capped dual directional buffered equity notes on three indexes
By William Gullotti
Buffalo, N.Y., April 12 – JPMorgan Chase Financial Co. LLC priced $1.28 million of 0% capped dual directional buffered equity notes due Oct. 13, 2023 linked to the performance of the Nasdaq-100 index, the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes above its initial level, the payout at maturity will be par plus the least performing index’s return, subject to a maximum upside return of 19%.
If the worst performer falls by up to 20%, the payout will be par plus the absolute value of that index’s return. Otherwise, investors will lose 1% for every 1% that the worst performer declines beyond 20%.
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 dual directional buffered equity notes
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Underlying indexes: | Nasdaq-100 index, Dow Jones industrial average, Russell 2000 index
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Amount: | $1,275,000
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Maturity: | Oct. 13, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes above initial level, par plus least performing index’s return, subject to maximum upside return of 19%; if the worst performer declines up to 20%, par plus absolute value of that index’s return; otherwise, 1% loss for every 1% that the worst performer declines beyond 20%
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Initial levels: | 34,583.57 for Dow, 2,009.799 for Russell, 14,531.81 for Nasdaq
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Buffer level: | 80% of initial levels
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Pricing date: | April 7
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Settlement date: | April 12
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.35147%
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Cusip: | 48133D7L8
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