Published on 6/13/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $6.3 million buffered PLUS linked to S&P 500
New York, June 13 – JPMorgan Chase Financial Co. LLC priced $6.3 million of 0% buffered PLUS due June 12, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 200% of the index return, subject to a maximum return of par plus 14.4%.
Investors will receive par if the index declines by 5% or less and will lose 1% for every 1% that it declines beyond 5%.
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: | Buffered PLUS
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Underlying index: | S&P 500 index
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Amount: | $6,302,840
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Maturity: | June 12, 2023
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par plus 200% of index return, subject to a maximum return of par plus 14.4%; par if index declines by 5% or less; otherwise, 1% loss for every 1% that index declines beyond 5%
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Initial level: | 4,132.15
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Buffer: | 5%
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Upside leverage: | 200%
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Cap: | 14.4%
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Pricing date: | May 31
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Settlement date: | June 3
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.25% including a structuring fee of 0.5%
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Cusip: | 48133E868
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