Published on 4/22/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $433,000 uncapped buffered return enhanced notes on S&P indexes
Chicago, April 22 – JPMorgan Chase Financial Co. LLC priced $433,000 of 0% uncapped buffered return enhanced notes due Jan. 29, 2029 linked to the least performing of the S&P 500 Equal Weight index, S&P 500 Growth 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 159.25% 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 1.25% 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 Equal Weight index, S&P 500 Growth index and S&P 500 index
|
Amount: | $433,000
|
Maturity: | Jan. 29, 2029
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If worst performing index gains par plus 159.25% of worst performing index return; par if worst performing index declines but by no more than 20% buffer; 1.25% loss for every 1% that worst performing index declines beyond the buffer
|
Initial levels: | 6,323.42 for S&P 500 Equal Weight, 3,164.71973 for S&P 500 Growth, 4,868.55 for S&P 500
|
Upside leverage: | 159.25%
|
Buffer level: | 80% of initial level
|
Downside leverage: | 125%
|
Cap: | None
|
Buffer: | 20%
|
Pricing date: | Jan. 24
|
Settlement date: | Jan. 29
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 0.3%
|
Cusip: | 48134TG99
|
|
© 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.