Published on 6/23/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $5.52 million trigger step securities tied to index basket
By William Gullotti
Buffalo, N.Y., June 23 – JPMorgan Chase Financial Co. LLC priced $5.52 million of 0% trigger step securities due June 21, 2027 linked to a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The basket consists of the Euro Stoxx 50 index with a weight of 40%, the FTSE 100 index with a weight of 17.5%, the Nikkei 225 index with a weight of 25%, the Swiss Market index with a 10% weight and the S&P/ASX 200 index with a weight of 7.5%.
If the basket return is zero or positive, the payout at maturity will be par of $10 plus the greater of 60.5% and the basket return. Investors will receive par if the basket declines by 25% or less and will be fully exposed to the basket’s decline from its initial level if it declines beyond 25%.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Trigger step securities
|
Underlying indexes: | Euro Stoxx 50 index (40% weight), FTSE 100 index (17.5% weight), Nikkei 225 index (25% weight), Swiss Market index (10% weight), S&P/ASX 200 index (7.5% weight)
|
Amount: | $5,521,860
|
Maturity: | June 21, 2027
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | If basket return is zero or positive, par plus greater of 60.5% and basket return; par if basket declines by 25% or less; otherwise, full exposure to decline from initial level
|
Initial index level: | 3,427.91 for Stoxx, 26,431.2 for Nikkei, 7,044.98 for FTSE, 10,475.37 for Swiss, 6,591.096 for S&P/ASX
|
Downside threshold: | 75% of initial basket level
|
Pricing date: | June 16
|
Settlement date: | June 21
|
Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
Fees: | 3.5%
|
Cusip: | 48133E561
|
|
© 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.