Published on 6/28/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $5.48 million uncapped buffered return enhanced notes on indexes
New York, June 28 – JPMorgan Chase Financial Co. LLC priced $5.48 million of 0% uncapped buffered return enhanced notes due Dec. 19, 2024 linked to the S&P 500 index, Dow Jones industrial average and Nasdaq-100 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 114% of the return of the worst performing index. The payout will be par if the worst performing index declines but by no more than the 20% 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
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Uncapped buffered return enhanced notes
|
Underlying indexes: | S&P 500 index, Dow Jones industrial average and Nasdaq-100 index
|
Amount: | $5,477,000
|
Maturity: | Dec. 19, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If worst performing index gains par plus 114% of worst performing index return; par if worst performing index declines but by no more than 20% buffer; 1% loss for every 1% that worst performing index declines beyond the buffer
|
Initial levels: | 30,668.53 for Dow Jones industrial average, 11,593.77 for Nasdaq-100, 3,789.99 for S&P 500
|
Upside leverage: | 114%
|
Cap: | None
|
Buffer: | 20%
|
Pricing date: | June 17
|
Settlement date: | June 23
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 0.6%
|
Cusip: | 48133G6Y4
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.