Published on 2/18/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.77 million uncapped digital barrier notes on indexes
By Kiku Steinfeld
Chicago, Feb. 20 – JPMorgan Chase Financial Co. LLC priced $1.77 million of 0% uncapped digital barrier notes due Nov. 18, 2027 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 at or above its initial level, the payout at maturity will be par plus the greater of the worst performing index return and 68.85%. If the worst performing index falls but ends at or above its 70% barrier, investors will receive par. 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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped digital barrier notes
|
| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
|
| Amount: | $1,769,000
|
| Maturity: | Nov. 18, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worst performing index finishes at or above its initial level, par plus greater of worst performing index return and 68.85%; if worst performing index falls but ends at or above its 70% barrier, par; 1% loss for every 1% that worst performing index declines if it finishes below its barrier
|
| Initial levels: | 11,700.94 for Nasdaq, 1,861.251 for Russell, 3,957.25 for S&P
|
| Digital payment: | 68.85%
|
| Barrier levels: | 8,190.658 for Nasdaq, 1,302.8757 for Russell, 2,770.075 for S&P, 70% of initial level
|
| Pricing date: | Nov. 14, 2022
|
| Settlement date: | Nov. 17, 2022
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.5%
|
| Cusip: | 48133PSC8
|
|
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
