Published on 2/5/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $285,000 capped dual directional buffered notes on Dow, S&P
Chicago, Feb. 5 – JPMorgan Chase Financial Co. LLC priced $285,000 of 0% capped dual directional buffered return enhanced notes due June 17, 2024 linked to the lesser performing of the Dow Jones industrial average and the 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 1.5 times the worst performing index return, capped at par plus 14.6%.
The payout will be par plus the absolute value of the worst performing index return if the worst performing index declines by no more than 10%.
Investors will lose 1% for every 1% that the worst performing index 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
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Capped dual directional buffered return enhanced notes
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Underlying indexes: | Dow Jones industrial average and S&P 500 index
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Amount: | $285,000
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Maturity: | June 17, 2024
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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 1.5 times worst performing index return, capped at par plus 14.6%; par plus absolute value of worst performing index return if worst performing index declines by no more than 10%; otherwise, 1% loss for every 1% that worst performing index declines beyond 10%
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Initial levels: | 33,300.62 for Dow, 4,124.08 for S&P
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Buffer levels: | 90% of initial levels
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Cap: | 14.6%
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Buffer: | 10%
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Pricing date: | May 12, 2023
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Settlement date: | May 17, 2023
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.725%
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Cusip: | 48133WZY7
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