Published on 9/11/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $145,000 capped notes linked to S&P 500 Daily Risk Control
By Kiku Steinfeld
Chicago, Sept. 11 – JPMorgan Chase Financial Co. LLC priced $145,000 of 0% capped notes due March 8, 2024 linked to the S&P 500 Daily Risk Control 5% Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout at maturity will be par plus 140% of the return of the index capped at par plus 10%. Otherwise the payout will be 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 index: | S&P 500 Daily Risk Control 5% Excess Return index
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Amount: | $145,000
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Maturity: | March 8, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains par plus 140% of index return capped at par plus 10%; otherwise par
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Initial level: | 158.25
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Upside leverage: | 140%
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Cap: | 10%
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Principal protection: | 100%
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Pricing date: | Feb. 28, 2023
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Settlement date: | March 3, 2023
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.46552%
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Cusip: | 48133TD69
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