Published on 3/9/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $3.32 million capped buffered return enhanced notes on index basket
By William Gullotti
Buffalo, N.Y., March 9 – JPMorgan Chase Financial Co. LLC priced $3.32 million of 0% capped buffered return enhanced notes due April 2, 2024 linked to an equally-weighted index basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index.
If the basket finishes above its initial level, the payout at maturity will be par plus 300% of the basket return, subject to a maximum upside return of par plus 16.35%.
If the final level of the basket falls by up to 10%, the payout will be par.
If the final level of the basket is less than its initial level by more than 10%, investors will lose 1% for every 1% that the basket declines beyond 10%.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Capped buffered return enhanced notes
|
Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index, Russell 2000 index; equal weights
|
Amount: | $3,315,000
|
Maturity: | April 2, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the basket finishes above initial level, par plus 300% of basket return, subject to maximum upside return of par plus 16.35%; if the basket falls by up to 10%, par; otherwise, 1% loss for every 1% that the basket declines beyond 10%
|
Initial levels: | 32,889.09 for Dow, 12,057.79 for Nasdaq, 1,896.269 for Russell
|
Buffer level: | 90% of initial level
|
Strike date: | Feb. 27
|
Pricing date: | Feb. 28
|
Settlement date: | March 3
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 0.22%
|
Cusip: | 48133URR5
|
|
© 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.