Published on 8/12/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $53,000 capped buffered equity notes linked to Dow Jones
By Kiku Steinfeld
Chicago, Aug. 14 – JPMorgan Chase Financial Co. LLC priced $53,000 of 0% capped buffered equity notes due March 28, 2024 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout at maturity will be par plus 100% of the return of the index capped at par plus 14.15%. The payout will be par if the index declines but by no more than the 15% 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: | Capped buffered equity notes
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Underlying index: | Dow
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Amount: | $53,000
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Maturity: | March 28, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains par plus 100% of index return capped at par plus 14.15%; par if index declines but by no more than 15% buffer; 1% loss for every 1% that index declines beyond the buffer
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Initial level: | 32,816.92
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Cap: | 14.15%
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Buffer: | 15%
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Pricing date: | Feb. 24, 2023
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Settlement date: | March 1, 2023
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0%
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Cusip: | 48133UDP4
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