Published on 2/6/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $494,000 capped notes linked to Russell, S&P
Chicago, Feb. 6 – JPMorgan Chase Financial Co. LLC priced $494,000 of 0% capped notes due May 4, 2026 linked to the lesser performing of the Russell 2000 index 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 110% of the return of the worst performing index capped at par plus 28%. Investors will lose 1% for every 1% that the worst performing 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
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Capped notes
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Underlying indexes: | Russell 2000 index and S&P 500 index
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Amount: | $494,000
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Maturity: | May 4, 2026
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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 110% of worst performing index return capped at par plus 28%; 1% loss for every 1% that worst performing index declines subject to a minimum payout of 95% of par
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Initial levels: | 1,864.103 for Russell, 4,131.93 for S&P
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Upside leverage: | 110%
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Cap: | 28%
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Principal protection: | 95%
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Pricing date: | April 29, 2022
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Settlement date: | May 4, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.65233%
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Cusip: | 48133FBR5
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