Published on 4/28/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.16 million capped buffered equity notes linked to Dow, Russell, S&P
New York, April 28 – JPMorgan Chase Financial Co. LLC priced $1.16 million of 0% capped buffered equity notes due Oct. 25, 2023 linked to the Dow Jones industrial average, the Russell 2000 index and the 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 the return of the worst performing index, capped at par plus 20.05%.
The payout will be par if the worst performing index declines but by no more than the 25% 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: | Capped buffered equity notes
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Underlying indexes: | Dow Jones industrial average, Russell 2000 index and S&P 500 index
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Amount: | $1.16 million
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Maturity: | Oct. 25, 2023
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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 the worst performing index return capped at par plus 20.05%; par if worst performing index declines but by no more than 25% buffer; 1% loss for every 1% that worst performing index declines beyond the buffer
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Initial level: | 35,160.79 for Dow Jones industrial average, 2,038.185 for Russell 2000 index, 4,459.45 for S&P 500 index
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Cap: | 20.05%
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Buffer: | 25%
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Pricing date: | April 20
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Settlement date: | April 25
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.7%
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Cusip: | 48133FC78
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