Published on 6/22/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $17,000 return notes linked to J.P. Morgan Kronos+
By Kiku Steinfeld
Chicago, June 22 – JPMorgan Chase Financial Co. LLC priced $17,000 of 0% return notes due Feb. 5, 2024 linked to the J.P. Morgan Kronos+ index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $1,000 times the index return, all multiplied by 100%.
The level of the index reflects the deduction of a fee of 0.95% per year that accrues daily and, in some circumstances, a notional financing cost.
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: | Return notes
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Underlying index: | J.P. Morgan Kronos+ index
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Amount: | $17,000
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Maturity: | Feb. 5, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par of $1,000 times one plus the index return, all multiplied by 100%
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Initial level: | 178.23
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Index adjustment factor: | 100%
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Pricing date: | Jan. 31, 2023
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Settlement date: | Feb. 3, 2023
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.75%
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Cusip: | 48133TKM6
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