Published on 8/1/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $10.19 million capped buffered return enhanced notes linked to index basket
By Wendy Van Sickle
Columbus, Ohio, Aug. 1 – JPMorgan Chase Financial Co. LLC priced $10.19 million of 0% capped buffered return enhanced notes due Oct. 31, 2024 linked to an unequally weight basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the S&P 500 index with a 50% weight, the MSCI EAFE index with a 30% weight and the MSCI Emerging Markets index with a 20% weight.
If the basket gains, the payout at maturity will be par plus 150% of the return of the basket capped at par plus 36.75%. The payout will be par if the basket declines but by no more than the 13% buffer. Investors will lose 1% for every 1% that the basket 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 basket: | S&P 500 index (50% weight), MSCI EAFE index (30% weight) and MSCI Emerging Markets index (20% weight)
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Amount: | $10,193,000
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Maturity: | Oct. 31, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If basket gains, par plus 150% of basket return capped at par plus 36.75%; par if basket declines but by no more than 13% buffer; 1% loss for every 1% that basket declines beyond the buffer
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Initial level: | 4,023.61 for S&P, 1,886.87 for EAFE, 989.89 for EM
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Pricing date: | July 27
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Settlement date: | Aug. 1
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.10555%
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Cusip: | 48133L4M1
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