Published on 5/13/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $100,000 capped buffered return enhanced notes on Stoxx
By Kiku Steinfeld
Chicago, May 13 – JPMorgan Chase Financial Co. LLC sold $100,000 of 0% capped buffered return enhanced notes due Oct. 5, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum payout of par plus 12.6%.
Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline beyond 15%.
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 return enhanced notes
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Underlying index: | Euro Stoxx 50
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Amount: | $100,000
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Maturity: | Oct. 5, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any index gain, capped at 12.6%; par if index falls by up to 15%; 1% loss for every 1% decline beyond 15%
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Initial index level: | 4,048.08
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Buffer level: | 85% of initial level
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Pricing date: | Sept. 30, 2021
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Settlement date: | Oct. 5, 2021
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.75%
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Cusip: | 48132W6C8
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