Published on 1/12/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.08 million capped buffered return enhanced notes on Nasdaq, S&P
By Wendy Van Sickle
Columbus, Ohio, Jan. 12 – JPMorgan Chase Financial Co. LLC priced $2.08 million of 0% capped buffered return enhanced notes due June 30, 2022 linked to the lesser performing of the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index gains, the payout at maturity will be par plus 1.5 times the return of the lesser-performing index, capped at par plus 13.5%.
If either index finishes flat or falls by up to 10% of its initial level, the payout will be par.
If either index falls by more than 10%, investors will lose 1% for every 1% that the lesser-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
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Capped buffered return enhanced notes
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Underlying indexes: | S&P 500 and Nasdaq-100
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Amount: | $2,083,000
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Maturity: | June 30, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index gains, the payout at maturity will be par plus 1.5 times the return of the lesser-performing index, capped at par plus 13.5%; if either index finishes flat or falls by up to 10% of its initial level, the payout will be par; if either index falls by more than 10%, investors will lose 1% for every 1% that the lesser-performing index declines beyond the buffer
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Initial levels: | 12,653.14 for Nasdaq, 3,690.01 for S&P 500
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Buffer levels: | 90% of initial levels
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Pricing date: | Dec. 23
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Settlement date: | Dec. 29
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.86396%
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Cusip: | 48132P6N9
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