Published on 2/10/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.71 million PLUS linked to Euro Stoxx 50
New York, Feb. 10 – JPMorgan Chase Financial Co. LLC priced $1.71 million of 0% PLUS due April 4, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 300% of the index return, subject to a maximum return of par plus 27.1%.
Investors will be fully exposed to any index decline.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent. Morgan Stanley Wealth Management will act as distributor.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | PLUS
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Underlying index: | Euro Stoxx 50 index
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Amount: | $1,707,320
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Maturity: | April 4, 2024
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par plus 300% of index return, subject to a maximum return of par plus 27.1%; otherwise, full exposure to loss
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Initial level: | 3,850.07
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Upside leverage: | 300%
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Cap: | 27.1%
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Pricing date: | Dec. 29
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Settlement date: | Jan. 5
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Agent: | J.P. Morgan Securities LLC
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Distributor: | Morgan Stanley Wealth Management
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Fees: | 2.25% including a structuring fee of 0.5%
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Cusip: | 48133K609
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