Published on 6/5/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $645,000 uncapped buffered return enhanced notes tied to index, ETF
New York, June 5 – JPMorgan Chase Financial Co. LLC priced $645,000 of 0% uncapped buffered return enhanced notes due June 4, 2026 linked to the S&P 500 index and the SPDR S&P MidCap 400 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing asset gains, the payout at maturity will be par plus 140% of the return of that asset.
The payout will be par if the worst performing asset declines by no more than 10%. Otherwise, investors will lose 1% for every 1% that the worst performing asset 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
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Uncapped buffered return enhanced notes
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Underlying assets: | S&P 500 index and SPDR S&P MidCap 400 ETF Trust
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Amount: | $645,000
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Maturity: | June 4, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing asset gains, par plus 140% of that asset’s return; par if worst performing asset declines by no more than 10%; otherwise, 1% loss for every 1% that worst performing asset declines beyond 10%
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Initial levels: | 4,205.52 for S&P 500, $446.18 for SPDR S&P MidCap 400
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Upside leverage: | 140%
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Buffer: | 10%
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Pricing date: | May 30
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Settlement date: | June 2
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.6%
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Cusip: | 48133WRX8
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