Published on 12/22/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $5.94 million capped notes linked to iShares ETF
New York, Dec. 22 – JPMorgan Chase Financial Co. LLC priced $5.94 million of 0% capped notes due Dec. 19, 2025 linked to the iShares Russell 1000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF gains, the payout at maturity will be par plus 125% of the return of the ETF, capped at par plus 29.51%. Otherwise, the payout will be par.
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 notes
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Underlying ETF: | iShares Russell 1000 Value ETF
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Amount: | $5.94 million
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Maturity: | Dec. 19, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If ETF gains, par plus 125% of ETF return, capped at par plus 29.51%; otherwise, par
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Initial level: | $150.14
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Upside leverage: | 125%
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Cap: | 29.51%
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Principal protection: | 100%
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Pricing date: | Dec. 16
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Settlement date: | Dec. 21
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.5%
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Cusip: | 48133TAJ4
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