Published on 9/1/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $994,000 capped notes due 2025 linked to index basket
Chicago, Sept. 1 – JPMorgan Chase Financial Co. LLC priced $994,000 of 0% capped notes due Aug. 28, 2026 linked to an unequally weighted basket of the S&P 500 index, the Nasdaq-100 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The S&P 500 has a 50% weight and the Nasdaq and Euro Stoxx 50 each have a 25% weight.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus any basket gain, capped at par plus 35%. If the basket finishes flat or falls, the payout will be par.
The agent is J.P. Morgan Securities LLC.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Capped notes
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Underlying basket: | S&P 500 index (50% weight), Nasdaq-100 index (25% weight) and Euro Stoxx 50 index (25% weight)
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Amount: | $994,000
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Maturity: | Aug. 28, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any basket gain, capped at par plus 35%; if basket finishes flat or falls, par
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Initial values: | 4,199.12 for S&P, 13,143.58 for Nasdaq, 3,674.54 for Stoxx
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Pricing date: | Aug. 25
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Settlement date: | Aug. 30
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2%
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Cusip: | 48133MLL2
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