Published on 6/26/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $29,000 capped buffered return enhanced notes on Nasdaq, S&P
Chicago, June 26 – JPMorgan Chase Financial Co. LLC priced $29,000 of 0% capped buffered return enhanced notes due June 5, 2025 linked to the lesser performing of the Nasdaq-100 index 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 38%. The payout will be par if the worst performing index declines but by no more than the 10% 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: | Nasdaq-100 index and S&P 500 index
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Amount: | $29,000
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Maturity: | June 5, 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 38%; par if worst performing index declines but by no more than 10% buffer; 1% loss for every 1% that worst performing index declines beyond the buffer
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Initial levels: | 14,254.09 for Nasdaq, 4,179.83 for S&P
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Buffer levels: | 90% of initial levels
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Upside leverage: | 150%
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Cap: | 38%
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Buffer: | 10%
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Pricing date: | May 31
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Settlement date: | June 5
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.5%
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Cusip: | 48133WDG0
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