Published on 1/24/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $600,000 uncapped buffered return enhanced notes on Russell, S&P
Chicago, Jan. 24 – JPMorgan Chase Financial Co. LLC priced $600,000 of 0% uncapped buffered return enhanced notes due April 27, 2027 linked to the lesser performing of the Russell 2000 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 107% 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% 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
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Uncapped buffered return enhanced notes
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Underlying indexes: | Russell 2000 index and S&P 500 index
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Amount: | $600,000
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Maturity: | April 27, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index gains par plus 107% of worst performing index return; 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
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Initial levels: | 1,940.665 for Russell, 4,271.78 for S&P
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Upside leverage: | 107%
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Cap: | None
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Buffer: | 20%
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Pricing date: | April 22, 2022
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Settlement date: | April 27, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 4.125%
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Cusip: | 48133FSB2
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