Published on 7/19/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $12,000 capped buffered return enhanced notes on S&P, Russell, Nasdaq
By William Gullotti
Buffalo, N.Y., July 19 – JPMorgan Chase Financial Co. LLC priced $12,000 of 0% capped buffered return enhanced notes due July 2, 2025 linked to the performance of the Nasdaq-100 index, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes above its initial level, the payout at maturity will be par plus 200% of the least performing index’s return, subject to a maximum upside return of par plus 38%.
If the final level of the least performing index falls by up to 10%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the worst performing index declines beyond 10%.
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 return enhanced notes
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Underlying indexes: | S&P 500 index, Russell 2000 index, Nasdaq-100 index
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Amount: | $12,000
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Maturity: | July 2, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes above initial level, par plus 200% of least performing index’s return, subject to maximum upside return of par plus 38%; if least performing index falls by up to 10%, par; otherwise, 1% loss for every 1% that worst performing index declines beyond 10%
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Initial levels: | 1,771.742 for Russell, 3,900.11 for S&P, 12,008.24 for Nasdaq
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Buffer levels: | 90% of initial levels
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Pricing date: | June 27
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Settlement date: | June 30
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Agent: | J.P. Morgan Securities LLC
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Fees: | 3%
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Cusip: | 48133GRG0
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