Published on 9/29/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.85 million capped buffered return enhanced notes on Dow, S&P
New York, Sept. 29 – JPMorgan Chase Financial Co. LLC priced $1.85 million of 0% capped buffered return enhanced notes due Sept. 25, 2025 linked to the Dow Jones industrial average 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 150% of the return of the worst performing index capped at par plus 30.75%. The payout will be par if the worst performing index declines but by no more than the 15% buffer. Investors will lose 1% for every 1% that the worst performing index declines beyond the buffer.
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 buffered return enhanced notes
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Underlying indexes: | Dow Jones industrial average and S&P 500 index
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Amount: | $1,852,000
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Maturity: | Sept. 25, 2025
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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 150% of worst performing index return capped at par plus 30.75%; par if worst performing index declines but by no more than 15% buffer; 1% loss for every 1% that worst performing index declines beyond the buffer
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Initial levels: | 33,963.84 for Dow Jones industrial average, 4,320.06 for S&P 500
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Upside leverage: | 150%
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Cap: | 30.75%
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Buffer: | 15%
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Pricing date: | Sept. 22
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Settlement date: | Sept. 27
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0%
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Cusip: | 48134ATL9
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