Published on 3/23/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $10.65 million capped enhanced participation notes on index basket
By Wendy Van Sickle
Columbus, Ohio, March 23 – JPMorgan Chase Financial Co. LLC priced $10.65 million of 0% capped enhanced participation notes due May 21, 2025 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 26% weight, the FTSE 100 index with a 17% weight, the Swiss Market index with an 12% weight and the S&P/ASX 200 index with an 9% weight.
The payout at maturity will be par plus 300% of any basket gain, subject to a maximum payout of par plus 63.9%.
Investors will be exposed to any basket decline.
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 enhanced participation notes
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Underlying indexes: | Euro Stoxx 50 (36% weight), Topix (26% weight), FTSE 100 (17% weight), Swiss Market (12% weight) and S&P/ASX 200 (9% weight)
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Amount: | $10,646,000
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Maturity: | May 21, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any basket gain, capped at par plus 63.9%; 1% loss per 1% decline
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Initial index levels: | 4,064.99 for Stoxx, 1,959.42 for Topix, 7,335.4 for FTSE, 10,613.55 for Swiss Market, 6,994.796 for S&P/ASX
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Pricing date: | March 17
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Settlement date: | March 24
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0%
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Cusip: | 48133VAQ3
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