Published on 12/14/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $3.88 million contingent fixed return market-linked securities on S&P
By Wendy Van Sickle
Columbus, Ohio, Dec. 14 – JPMorgan Chase Financial Co. LLC priced $3.88 million of 0% market-linked securities with contingent fixed return and contingent downside due Oct. 28, 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 finishes at or above its initial level, the payout at maturity will be par plus 22.3%.
If the index declines up to 30%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline of the index from its initial level.
J.P. Morgan Securities LLC and Wells Fargo Securities, LLC are the agents.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Market-linked securities – contingent fixed return and contingent downside
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Underlying index: | S&P 500 index
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Amount: | $3,876,000
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Maturity: | Oct. 28, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index finishes flat or gains, par plus 22.3%; if index declines but finishes at or above trigger level, par; otherwise, full exposure to index decline from initial level
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Initial level: | 3,752.75
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Trigger level: | 2,626.925; 70% of initial level
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Pricing date: | Oct. 21
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Settlement date: | Oct. 26
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Agents: | J.P. Morgan Securities LLC and Wells Fargo Securities, LLC
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Fees: | 2.325%
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Cusip: | 48133N6B9
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