Published on 2/12/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $552,000 capped notes linked to Dow, Nasdaq, Russell
Chicago, Feb. 12 – JPMorgan Chase Financial Co. LLC priced $552,000 of 0% capped notes due May 29, 2026 linked to the least performing of the Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains the payout at maturity will be par plus 105% of the return of the worst performing index capped at par plus 33%. Investors will lose 1% for every 1% that the worst performing index declines subject to a minimum payout of 95% 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: | Capped notes
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Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
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Amount: | $552,000
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Maturity: | May 29, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index gains par plus 105% of worst performing index return capped at par plus 33%; 1% loss for every 1% that worst performing index declines subject to a minimum payout of 95% of par
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Initial levels: | 32,764.65 for Dow, 13,938.53 for Nasdaq, 1,754.605 for Russell
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Upside leverage: | 105%
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Cap: | 33%
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Principal protection: | 95%
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Pricing date: | May 25, 2023
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Settlement date: | May 31, 2023
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Agent: | J.P. Morgan Securities LLC
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Fees: | 3%
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Cusip: | 48133WFB9
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