Published on 1/28/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $650,000 capped buffered return enhanced notes on Euro Stoxx
By Kiku Steinfeld
Chicago, Jan. 29 – JPMorgan Chase Financial Co. LLC priced $650,000 of 0% capped buffered return enhanced notes due June 12, 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 31.7%. The payout will be par if the index declines but by no more than the 20% buffer. Investors will lose 125% of any decline in the index beyond the buffer.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Capped buffered return enhanced notes
|
Underlying index: | Euro Stoxx 50 index
|
Amount: | $650,000
|
Maturity: | June 12, 2025
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index gains par plus 200% of index return capped at par plus 31.7%; par if index declines but by no more than 20% buffer; investors lose 125% of any decline in index beyond the buffer
|
Initial level: | 4,297.68
|
Upside leverage: | 200%
|
Cap: | 31.7%
|
Buffer: | 20%
|
Downside leverage: | 125%
|
Pricing date: | June 9, 2023
|
Settlement date: | June 14, 2023
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 1.5%
|
Cusip: | 48133XRP3
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.