Published on 1/10/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.87 million capped dual directional buffered return enhanced notes
By Wendy Van Sickle
Columbus, Ohio, Jan. 10 – JPMorgan Chase Financial Co. LLC priced $1.87 million of 0% capped dual directional buffered return enhanced notes due July 5, 2024 linked to a basket containing the S&P 500 index with a 70% weight and the Russell 2000 index with a 30% weight, according to a 424B2 filing with the Securities and Exchange Commission.
If the basket gains, the payout will be par plus 200% of the basket return, capped at par plus 20%.
The payout will be par plus the absolute value of the basket return if the basket declines by no more than 10%.
Otherwise, investors will lose 1% for every 1% that the basket 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
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Capped dual directional buffered return enhanced notes
|
Underlying basket: | S&P 500 index (70% weight), Russell 2000 index (30% weight)
|
Amount: | $1,867,000
|
Maturity: | July 5, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If basket gains, par plus 200% of basket return, capped at par plus 20%; par plus absolute value of basket return if basket declines by no more than 10%; otherwise, 1% loss for every 1% that basket declines beyond 10%
|
Initial level: | 3,839.5 for S&P, 1,761.246 for Russell
|
Cap: | 20%
|
Buffer: | 10%
|
Pricing date: | Dec. 30
|
Settlement date: | Jan. 5
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 2.225%
|
Cusip: | 48133TEJ0
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.