Published on 6/8/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $4.03 million capped trigger gears linked to Dow
By William Gullotti
Buffalo, N.Y., June 8 – JPMorgan Chase Financial Co. LLC priced $4.03 million of 0% capped trigger gears due May 29, 2026 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par of $10 plus 300% of any index gain, capped at par plus 33%.
Investors will receive par if the index declines by up to 25% and be fully exposed to decline if it declines beyond 25%.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Capped trigger gears
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Underlying index: | Dow Jones industrial average
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Amount: | $4,033,850
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Maturity: | May 29, 2026
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 300% of any index gain, capped at par plus 33%; par if the index falls by up to 25%; otherwise, 1% for every 1% decline from initial level
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Initial level: | 32,764.65
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Downside threshold: | 24,573.49; 75% of initial level
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Pricing date: | May 25
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Settlement date: | May 31
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Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
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Fees: | 2.5%
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Cusip: | 48130Y495
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