Published on 7/6/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.26 million uncapped buffered return enhanced notes on three indexes
New York, July 6 – JPMorgan Chase Financial Co. LLC priced $2.26 million of 0% uncapped buffered return enhanced notes due July 2, 2027 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 153.5% of the return of that index.
The payout will be par if the worst performing index declines by no more than 10%. Otherwise, investors will lose 1% for every 1% that the worst performing index declines beyond 10%.
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, Russell 2000 index and S&P 500 index
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Amount: | $2,255,000
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Maturity: | July 2, 2027
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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 153.5% of that index’s return; par if worst performing index declines by no more than 10%; otherwise, 1% loss for every 1% that worst performing index declines beyond 10%
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Initial levels: | 4,396.44 for S&P 500, 1,881.591 for Russell 2000, 34,122.42 for Dow Jones
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Upside leverage: | 153.5%
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Buffer: | 10%
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Pricing date: | June 29
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Settlement date: | July 5
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.6%
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Cusip: | 48133XLR5
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