Published on 4/26/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $600,000 capped return enhanced notes linked to Russell
Chicago, April 26 – JPMorgan Chase Financial Co. LLC priced $600,000 of 0% capped return enhanced notes due July 28, 2023 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout at maturity will be par plus 300% of the return of the index capped at par plus 22.15%. Investors will lose 1% for every 1% that the index declines.
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 return enhanced notes
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Underlying index: | Russell 2000 index
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Amount: | $600,000
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Maturity: | July 28, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains par plus 300% of index return capped at par plus 22.15%; 1% loss for every 1% that index declines
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Initial level: | 1,799.164
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Upside leverage: | 300%
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Cap: | 22.15%
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Pricing date: | May 25, 2022
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Settlement date: | May 31, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.35%
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Cusip: | 48133GHJ5
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