Published on 5/4/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.29 million uncapped digital barrier notes linked to Dow, Nasdaq, S&P
By Kiku Steinfeld
Chicago, May 6 – JPMorgan Chase Financial Co. LLC priced $2.29 million of 0% uncapped digital barrier notes due Aug. 5, 2027 linked to the Dow Jones industrial average, Nasdaq-100 index and S&P 500 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 the greater of the worst performing index return and 50.1%. The payout will be par if the worst performing index declines but finishes above its 75% barrier and investors will lose 1% for every 1% that the worst performing index 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.
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| Issue: | Uncapped digital barrier notes
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| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and S&P 500 index
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| Amount: | $2,293,000
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| Maturity: | Aug. 5, 2027
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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 greater of worst performing index return and 50.1%; par if worst performing index declines but finishes above its barrier; 1% loss for every 1% that worst performing index declines if it finishes below its barrier
|
| Initial levels: | 35,559.53 for Dow Jones industrial average, 15,757.00 for Nasdaq-100, 4,588.96 for S&P 500
|
| Digital payment: | 50.1%
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| Barriers: | 26,669.6475 for Dow Jones industrial average, 11,817.75 for Nasdaq-100, 3,441.72 for S&P 500, 75% of initial level
|
| Pricing date: | July 31, 2023
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| Settlement date: | Aug. 3, 2023
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0%
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| Cusip: | 48133YBA1
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