Published on 10/13/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $655,000 digital barrier notes linked to S&P
By Kiku Steinfeld
Chicago, Oct. 13 – JPMorgan Chase Financial Co. LLC priced $655,000 of 0% digital barrier notes due March 27, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index ends above its 80% barrier the payout at maturity will be par plus 17.85%. Investors will lose 1% for every 1% that the 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 index: | S&P 500
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Amount: | $655,000
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Maturity: | March 27, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above its 80% barrier, par plus 17.85%; 1% loss for every 1% that index declines if it finishes below its barrier
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Initial level: | 3,970.99
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Digital payment: | 17.85%
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Barrier: | 3,176.792, 80% of initial level
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Pricing date: | March 24, 2023
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Settlement date: | March 29, 2023
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2%
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Cusip: | 48133UVH2
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