Published on 3/30/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.19 million uncapped buffered return enhanced notes on indexes
By William Gullotti
Buffalo, N.Y., March 30 – JPMorgan Chase Financial Co. LLC priced $2.19 million of 0% uncapped buffered return enhanced notes due March 27, 2025 linked to the Nasdaq-100 index, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index gains, the payout at maturity will be par plus 1.6 times the return of the worst performing index.
If any index finishes flat or falls by up to 5%, the payout will be par.
If any index falls by more than 5%, investors will lose 1% for every 1% that the worst performing index declines beyond the 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: | Uncapped buffered return enhanced notes
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Underlying indexes: | Nasdaq-100 index, S&P 500 index, Russell 2000 index
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Amount: | $2,189,000
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Maturity: | March 27, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index gains, par plus 1.6 times return of worst performing index; par if any index finishes flat or falls up to buffer; otherwise, 1% loss for every 1% that worst performing index declines beyond buffer
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Initial levels: | 12,729.23 for Nasdaq, 1,720.291 for Russell, 3,948.72 for S&P
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Buffer levels: | 95% of initial levels
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Pricing date: | March 23
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Settlement date: | March 28
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 48133VAN0
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