Published on 9/10/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $2 million capped enhanced participation notes on index basket
By William Gullotti
Buffalo, N.Y., Sept. 10 – JPMorgan Chase Financial Co. LLC priced $2 million of 0% capped enhanced participation notes due March 9, 2023 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 29% weight, the FTSE 100 index with a 16% weight, the Swiss Market index with an 11% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus 2.5 times any basket gain, subject to a maximum payout of par plus 18.05%.
Investors will be exposed to any losses.
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 enhanced participation notes
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Underlying indexes: | Euro Stoxx 50 (36% weight), Topix (29% weight), FTSE 100 (16% weight), Swiss Market (11% weight) and S&P/ASX 200 (8% weight)
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Amount: | $2 million
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Maturity: | March 9, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 2.5 times any basket gain, capped at $1,180.50 per $1,000 face amount; 1% loss per 1% decline
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Initial index levels: | 4,225.01 for Stoxx, 2,063.38 for Topix, 7,149.37 for FTSE, 12,344.38 for Swiss Market, 7,530.339 for S&P/ASX
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Pricing date: | Sept. 7
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Settlement date: | Sept. 14
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.51%
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Cusip: | 48132WPF0
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