Published on 3/28/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $10,000 capped digital notes linked to J.P. Morgan Efficiente
By Kiku Steinfeld
Chicago, March 28 – JPMorgan Chase Financial Co. LLC priced $10,000 of 0% capped digital notes due July 3, 2025 linked to the J.P. Morgan Efficiente Plus DS 5 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout at maturity will be par plus 17%. Otherwise the payout will be 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 digital notes
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Underlying index: | J.P. Morgan Efficiente Plus DS 5 index
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Amount: | $10,000
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Maturity: | July 3, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus 17%; otherwise par
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Initial level: | 160.69
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Digital payment: | 17%
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Pricing date: | June 30, 2023
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Settlement date: | July 6, 2023
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.5%
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Cusip: | 48133XGV2
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