E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
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
Guarantor:JPMorgan Chase & Co.
Issue:Uncapped buffered return enhanced notes
Underlying indexes:Nasdaq-100 index, S&P 500 index, Russell 2000 index
Amount:$2,189,000
Maturity:March 27, 2025
Coupon:0%
Price:Par
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
Initial levels:12,729.23 for Nasdaq, 1,720.291 for Russell, 3,948.72 for S&P
Buffer levels:95% of initial levels
Pricing date:March 23
Settlement date:March 28
Agent:J.P. Morgan Securities LLC
Fees:None
Cusip:48133VAN0

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.