Published on 10/3/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $4.27 million capped buffered enhanced participation notes on index basket
By Wendy Van Sickle
Columbus, Ohio, Oct. 3 – JPMorgan Chase Financial Co. LLC priced $4.27 million of 0% capped buffered enhanced participation basket-linked notes due Nov. 14, 2025 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 26% weight, the FTSE 100 index with a 17% weight, the Swiss Market index with an 12% weight and the S&P/ASX 200 index with an 9% weight.
If the basket return is positive, the payout at maturity will be par plus 2 times the basket return, up to the maximum settlement amount of par plus 56.32%.
Investors will receive par if the basket declines by 17.5% or less and will lose 1.2121% for every 1% that it declines beyond 17.5%.
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 enhanced participation basket-linked notes
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Underlying basket: | Euro Stoxx 50 (36% weight), Topix (26% weight), FTSE 100 (17% weight), Swiss Market (12% weight), S&P/ASX 200 (9% weight)
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Amount: | $4.27 million
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Maturity: | Nov. 14, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If basket return is positive, par plus 2 times basket return, up to the maximum settlement amount of par plus 56.32%; par if basket declines by 17.5% or less; otherwise, 1.2121% loss for every 1% that basket declines beyond 17.5%
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Initial levels: | 4,129.18 for Stoxx, 2,371.94 for Topix, 7,625.72 for FTSE, 10,953.7 for Swiss Market, 7,038.192 for S&P/ASX
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Buffer level: | 82.5% of initial basket level
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Pricing date: | Sept. 26
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Settlement date: | Oct. 3
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0%
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Cusip: | 48134A5E1
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