Published on 2/27/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $750,000 capped buffered equity notes linked to VanEck Gold ETF
Chicago, Feb. 27 – JPMorgan Chase Financial Co. LLC priced $750,000 of 0% capped buffered equity notes due June 9, 2023 linked to the VanEck Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF gains the payout at maturity will be par plus 100% of the return of the ETF capped at par plus 33.15%. The payout will be par if the ETF declines but by no more than the 10% buffer. Investors will lose 1% for every 1% that the ETF 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 equity notes
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Underlying ETF: | VanEck Gold Miners ETF
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Amount: | $750,000
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Maturity: | June 9, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If ETF gains par plus 100% of ETF return capped at par plus 33.15%; par if ETF declines but by no more than 10% buffer; 1% loss for every 1% that ETF declines beyond the buffer
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Initial level: | $34.24
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Upside leverage: | 100%
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Cap: | 33.15%
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Buffer: | 10%
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Pricing date: | May 6, 2022
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Settlement date: | May 11, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.6%
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Cusip: | 48133F3P8
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