Published on 2/7/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $595,000 capped buffered equity notes on index, ETF basket
By Kiku Steinfeld
Chicago, Feb. 7 – JPMorgan Chase Financial Co. LLC priced $595,000 of 0% capped buffered equity notes due Sept. 6, 2023 linked to a basket consisting of the S&P 500 index with a 70% weight, the Russell 2000 index with a 10% weight and the iShares MSCI EAFE exchange-traded fund with a 20% weight, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any basket gain, up to a maximum return of 12.4%.
Investors will receive par if the basket falls by up to 15% and will lose 1% for every 1% decline beyond 15%.
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 equity notes
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Underlying basket: | S&P 500 index (70% weight), Russell 2000 index (10% weight), iShares MSCI EAFE ETF (20% weight)
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Amount: | $595,000
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Maturity: | Sept. 6, 2023
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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 12.4%; par if basket falls by up to 15%; 1% loss for every 1% decline beyond 15%
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Initial level: | 4,522.68 for S&P, 2,273.774 for Russell, $80.64 for ETF
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Buffer level: | 85% of initial level
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Pricing date: | Aug. 31
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Settlement date: | Sept. 3
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.4%
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Cusip: | 48132WKG3
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