Published on 2/7/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $3.95 million capped buffered enhanced participation equity notes on Russell
By William Gullotti
Buffalo, N.Y., Feb. 7 – JPMorgan Chase Financial Co. LLC priced $3.95 million of 0% capped buffered enhanced participation equity notes due May 16, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index return is greater than the initial level, the payout at maturity will be par plus two times the index return, subject to a maximum settlement amount of $1,114.40 per $1,000 of notes.
If the index return is flat, or greater than or equal to the 90% buffer level, investors will receive par.
If the index falls by more than 10%, investors will lose 1.1111% for each 1% decline beyond the buffer.
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 enhanced participation equity notes
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Underlying index: | Russell 2000
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Amount: | $3,950,000
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Maturity: | May 16, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus two times the gain, capped at $1,114.40 per $1,000 of notes; if the index is flat, or greater than or equal to the buffer level, par; if the index falls below the buffer, investors will lose 1.1111% for each 1% decline beyond the buffer
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Initial level: | 2,233.784
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Buffer level: | 90% of initial index level
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Pricing date: | April 12
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Settlement date: | April 19
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.13%
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Cusip: | 48132TTU0
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