Published on 4/5/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.05 million digital barrier notes linked to Russell, Nasdaq, S&P
By William Gullotti
Buffalo, N.Y., April 5 – JPMorgan Chase Financial Co. LLC priced $1.05 million of 0% digital barrier notes due May 2, 2024 linked to the least performing of the S&P 500 index, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If all indexes finish at or above initial levels, the payout at maturity will be par plus 8.45%. If any index falls below its initial level but finishes at or above its 55% barrier level, the payout at maturity will be par.
Otherwise, investors will be fully exposed to the decline of the least performing index from its initial level.
The notes are guaranteed by JPMorgan Chase & Co.
The agent is J.P. Morgan Securities LLC.
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: | S&P 500 index, Nasdaq-100 index, Russell 2000 index
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Amount: | $1.05 million
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Maturity: | May 2, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If all indexes finish at or above initial levels, par plus 8.45%; if any index falls below its initial level but finishes at or above its 55% barrier level, par; otherwise, full exposure to the decline of the worst performing index from its initial level
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Initial levels: | 3,977.53 for S&P, 1,753.673 for Russell, 12,673.07 for Nasdaq
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Barrier levels: | 2,187.6415 for S&P, 964.52015 for Russell, 6,970.1885 for Nasdaq; 55% of initial levels
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Pricing date: | March 27
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Settlement date: | March 30
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.36786%
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Cusip: | 48133VGZ7
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