Published on 12/9/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $5.71 million capped airbag gears linked to S&P 500
By William Gullotti
Buffalo, N.Y., Dec. 9 – JPMorgan Chase Financial Co. LLC priced $5.71 million of 0% capped airbag gears due Dec. 11, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index return is positive, the payout at maturity will be par plus 300% of the index return, subject to a maximum gain of 30.25%. Investors will receive par if the index falls by up to 15% and will lose 1.17647% for each 1% that the index may decline beyond 15%.
J.P. Morgan Securities LLC and UBS Financial Services Inc. are the agents.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Capped airbag gears
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Underlying index: | S&P 500 index
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Amount: | $5,710,600
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Maturity: | Dec. 11, 2024
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 300% of the index return, subject to a maximum gain of 30.25%; par if the index falls by up to 15%; 1.17647% loss for each 1% that the index may decline beyond 15%
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Initial level: | 3,998.84
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Downside threshold: | 3,399.01; 85% of initial level
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Pricing date: | Dec. 5
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Settlement date: | Dec. 9
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Agents: | J.P. Morgan Securities LLC and UBS Financial Services Inc.
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Fees: | None
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Cusip: | 48133J370
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