Published on 9/10/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $93,000 notes on J.P. Morgan Efficiente Plus DS 5
By Kiku Steinfeld
Chicago, Sept.11 – JPMorgan Chase Financial Co. LLC priced $93,000 of 0% notes due March 5, 2025 linked to the J.P. Morgan Efficiente Plus DS 5 index (Net ER), according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 245% of the index return.
Otherwise, investors will receive par.
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: | Notes
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Underlying index: | J.P. Morgan Efficiente Plus DS 5 index (Net ER)
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Amount: | $93,000
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Maturity: | March 5, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is greater than initial index level, par plus 245% of index return; otherwise, par
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Initial level: | 159.58
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Pricing date: | Feb. 28, 2023
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Settlement date: | March 3, 2023
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.26882%
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Cusip: | 48133T7G4
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