Published on 1/6/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $7.23 million enhanced trigger jump securities linked to S&P 500
New York, Jan. 6 – JPMorgan Chase Financial Co. LLC priced $7.23 million of 0% enhanced trigger jump securities due Jan. 4, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the 80% downside threshold, the payout at maturity will be par plus 10.35%.
Otherwise, investors will lose 1% for every 1% that the index declines from initial level.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent. Morgan Stanley Wealth Management will act as distributor.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Enhanced trigger jump securities
|
Underlying index: | S&P 500 index
|
Amount: | $7,233,540
|
Maturity: | Jan. 4, 2024
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | If index finishes at or above downside threshold level, par plus 10.35%; otherwise, 1% loss for every 1% that index declines from initial level
|
Initial level: | 3,844.82
|
Upside payment: | 10.35%
|
Downside threshold: | 3,075.86, 80% of initial level
|
Pricing date: | Dec. 23
|
Settlement date: | Dec. 29
|
Agent: | J.P. Morgan Securities LLC
|
Distributor: | Morgan Stanley Wealth Management
|
Fees: | 2.25% including a structuring fee of 0.5%
|
|
Cusip: | 48133K765
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.