Published on 11/13/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $266,000 uncapped buffered return enhanced notes linked to Russell, S&P
By Kiku Steinfeld
Chicago, Nov. 13 – JPMorgan Chase Financial Co. LLC priced $266,000 of 0% uncapped buffered return enhanced notes due April 18, 2028 linked to the Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains the payout at maturity will be par plus 142.7% of the return of the worst performing index. The payout will be par if the worst performing index declines but by no more than the 20% buffer. 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: | Russell 2000 index and S&P 500 index
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Amount: | $266,000
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Maturity: | April 18, 2028
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index gains par plus 142.7% of worst performing index return; par if worst performing index declines but by no more than 20% buffer; 1% loss for every 1% that worst performing index declines beyond the buffer
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Initial levels: | 1,773.698 for Russell 2000, 4,091.95 for S&P 500
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Upside leverage: | 142.7%
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Cap: | None
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Buffer: | 20%
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Pricing date: | April 12, 2023
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Settlement date: | April 17, 2023
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.07331%
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Cusip: | 48133VXT2
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