Published on 2/20/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.16 million notes linked to J.P. Morgan Efficiente
By Angela McDaniels
Tacoma, Wash., Feb. 20 – JPMorgan Chase Financial Co. LLC priced $1.16 million of 0% notes due July 2, 2026 linked to the J.P. Morgan Efficiente Plus DS 5 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 270% of the index return, subject to a minimum payout of par.
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: | Notes
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| Underlying index: | J.P. Morgan Efficiente Plus DS 5 index
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| Amount: | $1,156,000
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| Maturity: | July 2, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 270% of index return, subject to minimum payout of par
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| Initial level: | 159.58
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| Pricing date: | June 27, 2023
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| Settlement date: | June 30, 2023
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3.13127%
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| Cusip: | 48133XJN7
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