Published on 5/15/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $325,000 capped buffered equity notes linked to indexes
By Kiku Steinfeld
Chicago, May 16 – JPMorgan Chase Financial Co. LLC priced $325,000 of 0% capped buffered equity notes due Oct. 6, 2025 linked to Dow Jones industrial average, Nasdaq-100 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 the return of the worst performing index, capped at par plus 15.35%. The payout will be par if the worst performing index declines but by no more than the 30% 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: | Capped buffered equity notes
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Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and S&P 500 index
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Amount: | $325,000
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Maturity: | Oct. 6, 2025
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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 worst performing index return, capped at par plus 15.35%; par if worst performing index declines but by no more than 30% buffer; 1% loss for every 1% that worst performing index declines beyond the buffer
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Initial level: | 33,843.92 for Dow, 14,689.62 for Nasdaq, 4,307.54 for S&P
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Upside leverage: | 100%
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Cap: | 15.35%
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Buffer: | 30%
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Pricing date: | Sept. 30, 2021
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Settlement date: | Oct. 5, 2021
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Agent: | J.P. Morgan Securities LLC
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Fees: | 3.7%
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Cusip: | 48132W3D9
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