Published on 7/14/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $3.07 million uncapped digital barrier notes linked to Dow, Nasdaq, S&P
New York, July 14 – JPMorgan Chase Financial Co. LLC priced $3.07 million of 0% uncapped digital barrier notes due July 6, 2027 linked to the Dow Jones industrial average, the Nasdaq-100 index and the 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 that index’s return and 50.15%.
Investors will receive par if the worst performing index declines by no more than 25% and 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: | Uncapped digital barrier notes
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| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and S&P 500 index
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| Amount: | $3,072,000
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| Maturity: | July 6, 2027
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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 initial level, par plus greater of that index’s return and 50.15%; if worst performing index declines by no more than 25%, par; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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| Initial levels: | 34,407.60 for Dow Jones industrial average, 15,179.21 for Nasdaq-100, 4,450.38 for S&P 500
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| Digital payment: | 50.15%
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| Barriers: | 25,805.70 for Dow Jones industrial average, 11,384.4075 for Nasdaq-100, 3,337.785 for S&P 500, 75% of initial levels
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| Pricing date: | June 30
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| Settlement date: | July 6
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0%
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| Cusip: | 48133XLM6
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