Published on 7/18/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $4.59 million digital barrier notes linked to Nasdaq, Russell, S&P
New York, July 18 – JPMorgan Chase Financial Co. LLC priced $4.59 million of 0% digital barrier notes due Aug. 15, 2024 linked to the Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index ends above its 70% barrier the payout at maturity will be par plus 11.05%. 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
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Digital barrier notes
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Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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Amount: | $4,591,000
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Maturity: | Aug. 15, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index finishes at or above its 70% barrier, par plus 11.05%; 1% loss for every 1% that worst performing index declines if it finishes below its barrier
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Initial levels: | 15,307.23 for Nasdaq-100, 1,933.376 for Russell 2000, 4,472.16 for S&P 500
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Digital payment: | 11.05%
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Barriers: | 10,715.061 for Nasdaq-100, 1,353.3632 for Russell 2000, 3,130.512 for S&P 500, 70% of initial level
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Pricing date: | July 12
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Settlement date: | July 17
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.65%
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Cusip: | 48133YDJ0
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