Published on 2/6/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.44 million capped buffered return enhanced notes on S&P, Russell
By Kiku Steinfeld
Chicago, Feb. 7 – JPMorgan Chase Financial Co. LLC priced $1.44 million of 0% capped buffered return enhanced notes due Dec. 5, 2022 linked to the performance of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes above its initial level, the payout at maturity will be par plus 200% of the least performing index’s return, subject to a maximum upside return of par plus 14%.
If the final level of the least performing index falls by up to 10%, the payout will be par.
If the final level of any index is less than its initial level by more than 10%, investors will lose 1% for every 1% that the worst performing index declines beyond 10%.
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 indexes: | S&P 500 index, Russell 2000 index
|
| Amount: | $1,440,000
|
| Maturity: | Dec. 5, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes above initial level, par plus 200% of least performing index’s return, subject to maximum upside return of par plus 14%; if least performing index falls by up to 10%, par; if final level of any index is less than initial level by more than 10%, 1% loss for every 1% that worst performing index declines beyond 10%
|
| Initial levels: | 2,273.774 for Russell, 4,522.68 for S&P
|
| Buffer levels: | 90% of initial levels
|
| Pricing date: | Aug. 31
|
| Settlement date: | Sept. 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.43602%
|
| Cusip: | 48132UX57
|
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