Published on 3/28/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $275,000 digital barrier notes linked to ETF, index
By Kiku Steinfeld
Chicago, March 28 – JPMorgan Chase Financial Co. LLC priced $275,000 of 0% digital barrier notes due Aug. 2, 2024 linked to the Nasdaq-100 index and VanEck Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing asset ends above its 52% barrier the payout at maturity will be par plus 8.25%. 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
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Digital barrier notes
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Underlying assets: | Nasdaq-100 index and VanEck Gold Miners ETF
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Amount: | $275,000
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Maturity: | Aug. 2, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing asset finishes at or above its 52% barrier, par plus 8.25%; 1% loss for every 1% that worst performing asset declines if it finishes below its barrier
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Initial levels: | 15,179.21 for Nasdaq-100, $30.11 for VanEck Gold Miners ETF
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Digital payment: | 8.25%
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Barriers: | 7,893.1892 for Nasdaq-100, $15.6572 for VanEck Gold Miners ETF, 52% of initial level
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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: | 0.4%
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Cusip: | 48133XYV2
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