Published on 11/21/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.5 million capped buffered equity notes on Dow, Russell
By Kiku Steinfeld
Chicago, Nov. 21 – JPMorgan Chase Financial Co. LLC priced $1.5 million of 0% capped buffered equity notes due March 21, 2024 linked to the Dow Jones industrial average and Russell 2000 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 100% of the return of the worst performing index capped at par plus 37.05%. 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: | Capped buffered equity notes
|
Underlying indexes: | Dow Jones industrial average and Russell 2000 index
|
Amount: | $1,499,000
|
Maturity: | March 21, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If worst performing index gains, par plus 100% of worst performing index return capped at par plus 37.05%; 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: | 34,754.93 for Dow, 2,086.143 for Russell
|
Upside leverage: | 100%
|
Cap: | 37.05%
|
Buffer: | 20%
|
Pricing date: | March 18
|
Settlement date: | March 23
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 0%
|
Cusip: | 48133DVG2
|
|
© 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.