Published on 4/12/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $16.25 million capped buffered enhanced participation equity notes on S&P 500
By Wendy Van Sickle
Columbus, Ohio, April 12 – JPMorgan Chase Financial Co. LLC priced $16.25 million of 0% capped buffered enhanced participation equity notes due Dec. 6, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index return is greater than the initial level, the payout at maturity will be par plus 1.4 times the index return, subject to a maximum settlement amount of $1,245 per $1,000 of notes.
If the index return is flat, or greater than or equal to the 87.5% buffer level, investors will receive par.
If the index falls by more than 12.5%, investors will lose 1.1429% for each 1% decline beyond the 12.5% buffer.
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 buffered enhanced participation equity notes
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Underlying index: | S&P 500
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Amount: | $16,252,000
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Maturity: | Dec. 6, 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 1.4 times the gain, capped at $1,245 per $1,000 of notes; if the index is flat, or greater than or equal to the buffer level, par; if the index falls below the buffer, investors will lose 1.1429% for each 1% decline beyond 12.5% buffer
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Initial level: | 4,500.21
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Buffer level: | 87.5% of initial index level
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Pricing date: | April 7
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Settlement date: | April 14
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0%
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Cusip: | 48133FHT5
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