Published on 7/25/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $42.19 million enhanced participation notes on index basket
By Wendy Van Sickle
Columbus, Ohio, July 25 – JPMorgan Chase Financial Co. LLC priced $42.19 million of 0% enhanced participation notes due Aug. 23, 2023 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 26% weight, the FTSE 100 index with a 17% weight, the Swiss Market index with an 12% weight and the S&P/ASX 200 index with an 9% weight.
The payout at maturity will be par plus 164% of any basket gain.
Investors will be exposed to any losses.
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: | Enhanced participation notes
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Underlying indexes: | Euro Stoxx 50 (36% weight), Topix (26% weight), FTSE 100 (17% weight), Swiss Market (12% weight) and S&P/ASX 200 (9% weight)
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Amount: | $42,192,000
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Maturity: | Aug. 23, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 164% of any basket gain; 1% loss per 1% decline
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Initial index levels: | 3,585.24 for Stoxx, 1,946.44 for Topix, 7,264.31 for FTSE, 11,059.49 for Swiss Market, 6,759.209 for S&P/ASX
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Pricing date: | July 20
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Settlement date: | July 27
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.95%
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Cusip: | 48133LNF5
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