Published on 4/25/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $3.36 million capped buffered return enhanced notes on Dow, S&P
New York, April 25 – JPMorgan Chase Financial Co. LLC priced $3.36 million of 0% capped buffered return enhanced notes due April 23, 2026 linked to the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains, the payout at maturity will be par plus 150% of the return of that index, capped at par plus 26.75%.
The payout will be par if the worst performing index declines by no more than 15%. Otherwise, investors will lose 1% for every 1% that the worst performing index declines 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 return enhanced notes
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Underlying indexes: | Dow Jones industrial average and S&P 500 index
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Amount: | $3,364,000
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Maturity: | April 23, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index gains, par plus 150% of that index’s return, capped at par plus 26.75%; par if worst performing index declines by no more than 15%; otherwise, 1% loss for every 1% that worst performing index declines beyond 15%
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Initial levels: | 37,986.40 for Dow Jones industrial average, 4,967.23 for S&P 500
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Upside leverage: | 150%
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Cap: | 26.75%
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Buffer: | 15%
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Pricing date: | April 19
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Settlement date: | April 24
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0%
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Cusip: | 48134XBU8
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