Published on 4/17/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $604,000 buffered return enhanced notes tied to Euro Stoxx 50, MSCI EAFE
New York, April 17 – JPMorgan Chase Financial Co. LLC priced $604,000 of 0% uncapped buffered return enhanced notes due July 22, 2025 linked to the Euro Stoxx 50 index and the MSCI EAFE 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 166% 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 30% buffer. Investors will lose 1.42857% 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: | Euro Stoxx 50 index and MSCI EAFE index
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Amount: | $604,000
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Maturity: | July 22, 2025
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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 166% of worst performing index return; par if worst performing index declines but by no more than 30% buffer; 1.42857% loss for every 1% that worst performing index declines beyond the buffer
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Initial levels: | 4,356.79 for Euro Stoxx 50, 2,175.30 for MSCI EAFE
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Upside leverage: | 166%
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Downside leverage: | 142.857%
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Cap: | None
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Buffer: | 30%
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Pricing date: | July 17, 2023
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Settlement date: | July 20, 2023
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.3%
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Cusip: | 48133YFU3
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