Published on 4/23/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.14 million uncapped buffered return enhanced notes linked to Dow, S&P
New York, April 23 – JPMorgan Chase Financial Co. LLC priced $1.14 million of 0% uncapped buffered return enhanced notes due July 16, 2026 linked to the Dow Jones industrial average 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 142% 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 10% 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: | Dow Jones industrial average and S&P 500 index
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Amount: | $1.14 million
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Maturity: | July 16, 2026
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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 142% of worst performing index return; par if worst performing index declines but by no more than 10% buffer; 1% loss for every 1% that worst performing index declines beyond the buffer
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Initial levels: | 34,395.14 for Dow Jones industrial average, 4,510.04 for S&P 500
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Upside leverage: | 142%
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Cap: | None
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Buffer: | 10%
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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%
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Cusip: | 48133YHP2
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