Published on 1/30/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1 million uncapped return enhanced notes on commodity basket
By Wendy Van Sickle
Columbus, Ohio, Jan. 30 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% uncapped return enhanced notes due Jan. 20, 2027 linked to an equally weighted basket of futures contracts on Brent crude oil, WTI crude oil, copper, aluminum, zinc, gold, silver, palladium, corn, wheat, soybeans and sugar, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.55 times any basket gain.
Investors will lose 1% for each 1% decline in the basket.
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: | Uncapped return enhanced notes
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Underlying assets: | Brent crude oil, WTI crude oil, copper, aluminum, zinc, gold, silver, palladium, corn, wheat, soybeans and sugar, equal weights
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Amount: | $1 million
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Maturity: | Jan. 20, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.55 times any basket gain; 1% loss for each 1% decline in the basket
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Initial levels: | $78.29 for Brent, $72.40 for WTI, $8,306.00 for copper, $2,188.50 for aluminum, $2,550.50 for zinc, $2,030.20 for gold, $23.093 for silver, $938.10 for palladium, $443.50 for corn, $582.00 for wheat, $1,227.25 for soybeans, $22.52 for sugar
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Pricing date: | Jan. 14
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Settlement date: | Jan. 20
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2%
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Cusip: | 48133W2L1
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