Published on 10/26/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.59 million capped notes linked to Nasdaq, Russell, S&P
New York, Oct. 26 – JPMorgan Chase Financial Co. LLC priced $1.59 million of 0% capped notes due Jan. 24, 2025 linked to the Nasdaq-100 index, the Russell 2000 index and the 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 return of that index, capped at par plus 14.05%.
Otherwise, the payout will be par.
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: | Capped notes
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Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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Amount: | $1.59 million
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Maturity: | Jan. 24, 2025
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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 that index’s return, capped at par plus 14.05%; otherwise, par
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Initial levels: | 14,560.88 for Nasdaq-100, 1,680.792 for Russell 2000, 4,224.16 for S&P 500
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Cap: | 14.05%
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Pricing date: | Oct. 20
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Settlement date: | Oct. 25
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.25%
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Cusip: | 48134BGV9
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