Published on 1/28/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $55,000 capped notes linked to S&P 500
Chicago, Jan. 28 – JPMorgan Chase Financial Co. LLC priced $55,000 of 0% capped notes due May 1, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout at maturity will be par plus the return of the index capped at par plus 14%. Investors will lose 1% for every 1% that the index declines subject to a minimum payout of 95% of par.
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 notes
|
Underlying index: | S&P 500 index
|
Amount: | $55,000
|
Maturity: | May 1, 2025
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index gains par plus index return capped at par plus 14%; 1% loss for every 1% that index declines subject to a minimum payout of 95% of par
|
Initial level: | 4,175.20
|
Upside leverage: | 100%
|
Cap: | 14%
|
Principal protection: | 95%
|
Pricing date: | April 26, 2022
|
Settlement date: | April 29, 2022
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 2.99091%
|
Cusip: | 48133FEL5
|
|
© 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.