New Issue: JPMorgan prices $336,000 digital barrier notes linked to two stocks

By Kiku Steinfeld

Chicago, Sept. 14 – JPMorgan Chase Financial Co. LLC priced $336,000 of 0% digital barrier notes due March 14, 2024 linked to the lesser performing of UnitedHealth Group Inc. and Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing asset ends above its 75% barrier, the payout at maturity will be par plus 17.6%. Investors will lose 1% for every 1% that the worst performing asset declines if it finishes below the barrier.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Digital barrier notes
Underlying assets:	UnitedHealth Group Inc. and Walt Disney Co.
Amount:	$336,000
Maturity:	March 14, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing asset finishes at or above its 75% barrier, par plus 17.6%; 1% loss for every 1% that worst performing asset declines if it finishes below its barrier
Initial levels:	$477.70 for UnitedHealth, $98.92 for Disney
Barrier levels:	$358.275 for UnitedHealth, $74.19 for Disney, 75% of initial levels
Pricing date:	March 2, 2023
Settlement date:	March 7, 2023
Agent:	J.P. Morgan Securities LLC
Fees:	0.725%
Cusip:	48133UMM1

© 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.