Published on 10/11/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $4.07 million capped buffered return enhanced notes on index basket
By William Gullotti
Buffalo, N.Y., Oct. 11 – JPMorgan Chase Financial Co. LLC priced $4.07 million of 0% capped buffered return enhanced notes due Jan. 5, 2024 linked to a weighted index basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 65% weight, the Russell 2000 index with a 20% weight and the Euro Stoxx 50 index with a 15% weight.
If the basket finishes above its initial level, the payout at maturity will be par plus 200% of the basket return, subject to a maximum upside return of par plus 21%.
If the final level of the basket falls by up to 10%, the payout will be par.
If the final level of the basket is less than its initial level by more than 10%, investors will lose 1% for every 1% that the basket declines beyond 10%.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
|
| Underlying indexes: | S&P 500 index (65% weight), Russell 2000 index (20% weight), Euro Stoxx 50 index (15% weight)
|
| Amount: | $4,067,000
|
| Maturity: | Jan. 5, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the basket finishes above initial level, par plus 200% of basket return, subject to maximum upside return of par plus 21%; if the basket falls by up to 10%, par; otherwise, 1% loss for every 1% that the basket declines beyond 10%
|
| Initial levels: | 3,585.62 for S&P, 1,664.716 for Russell, 3,318.2 for Stoxx
|
| Buffer levels: | 90% of initial levels
|
| Pricing date: | Sept. 30
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| Settlement date: | Oct. 5
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
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| Cusip: | 48133MXA3
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