Published on 11/16/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.1 million capped notes linked to Dow, S&P
New York, Nov. 16 – JPMorgan Chase Financial Co. LLC priced $2.1 million of 0% capped notes due Dec. 29, 2023 linked to the Dow Jones industrial average 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 100% of the return of the worst performing index capped at par plus 10%. There is a minimum payout of par.
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 notes
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Underlying indexes: | Dow Jones industrial average and S&P 500 index
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Amount: | $2.1 million
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Maturity: | Dec. 29, 2023
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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 100% of worst performing index return capped at par plus 10%; otherwise, par
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Initial levels: | 29,590.41 for Dow Jones industrial average, 3,693.23 for S&P 500
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Upside leverage: | 100%
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Cap: | 10%
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Principal protection: | 100%
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Pricing date: | Sept. 27
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Settlement date: | Sept. 30
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.65%
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Cusip: | 48133NKZ0
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