Published on 1/16/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $208,000 notes linked to J.P. Morgan Large-Cap Dynamic Blend 5
By Kiku Steinfeld
Chicago, Jan. 16 – JPMorgan Chase Financial Co. LLC priced $208,000 of notes due May 3, 2027 linked to the J.P. Morgan Large-Cap Dynamic Blend 5 index, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is 3% per year for the first three years of the term of the notes, payable annually. No interest will be paid for the final year of the term of the notes.
The payout at maturity will be par plus 150% 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 Large-Cap Dynamic Blend 5 index
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Amount: | $208,000
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Maturity: | May 3, 2027
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Coupon: | 3% per year for first three years of term of notes, payable annually; no interest will be paid for final year
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Price: | Par
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Payout at maturity: | Par plus 150% of index return, subject to minimum payout of par
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Initial level: | 233.17
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Pricing date: | April 28, 2023
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Settlement date: | May 3, 2023
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.75%
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Cusip: | 48133VMP2
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