Published on 3/3/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $775,000 uncapped buffered return enhanced notes on MerQube US Tech+
Chicago, March 3 – JPMorgan Chase Financial Co. LLC priced $775,000 of 0% uncapped buffered return enhanced notes due Nov. 17, 2025 linked to the MerQube US Tech+ Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout at maturity will be par plus 170% of the return of the index. The payout will be par if the index declines but by no more than the 20% buffer. Investors will lose 1% for every 1% that the 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 index: | MerQube US Tech+ Vol Advantage index
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Amount: | $775,000
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Maturity: | Nov. 17, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains par plus 170% of index return; par if index declines but by no more than 20% buffer; 1% loss for every 1% that index declines beyond the buffer
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Initial level: | 7,130.10
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Upside leverage: | 170%
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Cap: | None
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Buffer: | 20%
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Pricing date: | May 12, 2022
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Settlement date: | May 17, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48133F4D4
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