Published on 10/24/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.4 million uncapped buffered return enhanced notes on Nasdaq, S&P
New York, Oct. 24 – JPMorgan Chase Financial Co. LLC priced $1.40 million of 0% uncapped buffered return enhanced notes due Oct. 21, 2027 linked to the Nasdaq-100 index and the 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 137.5% of the return of that index.
The payout will be par if the worst performing index declines by no more than 15%. Otherwise, investors will lose 1% for every 1% that the worst performing index declines beyond 15%.
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: | Nasdaq-100 index and S&P 500 index
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Amount: | $1,397,000
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Maturity: | Oct. 21, 2027
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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 137.5% of that index return; par if worst performing index declines by no more than 15%; otherwise, 1% loss for every 1% that worst performing index declines beyond 15%
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Initial levels: | 11,147.74 for Nasdaq-100, 3,719.98 for S&P 500
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Upside leverage: | 137.5%
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Buffer: | 15%
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Pricing date: | Oct. 18
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Settlement date: | Oct. 21
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.5%
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Cusip: | 48133NF86
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