Published on 2/8/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $844,000 capped buffered yield notes on Meta
By Kiku Steinfeld
Chicago, Feb. 8 – JPMorgan Chase Financial Co. LLC priced $844,000 of 8.75% capped buffered yield return enhanced notes due Nov. 15, 2023 linked to the stock of Meta Platforms, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will pay interest at a rate of 8.75% per year, payable monthly.
The payout at maturity will be par plus any stock gain, capped at par plus 15%.
Investors will receive par if the stock falls by up to 14%. Otherwise, investors will lose 1% for each 1% stock decline beyond 14%.
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: | Capped buffered yield return enhanced notes
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Underlying stock: | Meta Platforms, Inc.
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Amount: | $844,000
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Maturity: | Nov. 15, 2023
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Coupon: | 8.75% per year, payable monthly
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Price: | Par
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Payout at maturity: | Par plus any stock gain, capped at par plus 15%; par if the stock falls by up to 14%; otherwise, 1% loss for each 1% stock decline beyond 14%
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Initial level: | $89.15
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Buffer level: | 86% of initial level
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Strike date: | Nov. 4, 2022
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Pricing date: | Nov. 8, 2022
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Settlement date: | Nov. 14, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.2%
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Cusip: | 48133PRM7
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