Published on 12/11/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $530,000 capped buffered return enhanced notes linked to Stoxx
Chicago, Dec. 11 – JPMorgan Chase Financial Co. LLC priced $530,000 of 0% capped buffered return enhanced notes due May 8, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout at maturity will be par plus 200% of the return of the index capped at par plus 40.72%. The payout will be par if the index declines but by no more than the 20% contingent buffer. Investors will be fully exposed to the index loss if it declines beyond the contingent 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 return enhanced notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $530,000
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Maturity: | May 8, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains par plus 200% of index return, capped at par plus 40.72%; par if index declines but by no more than 20% contingent buffer; otherwise, full exposure to loss of index
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Initial level: | 4,310.18
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Contingent buffer level: | 80% of initial level
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Upside leverage: | 200%
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Cap: | 40.72%
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Buffer: | 20%
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Pricing date: | May 3, 2023
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Settlement date: | May 8, 2023
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.5%
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Cusip: | 48133WGX0
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