Published on 9/11/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $285,000 9% yield notes linked to Nasdaq, Russell, S&P
By Kiku Steinfeld
Chicago, Sept. 11 – JPMorgan Chase Financial Co. LLC priced $285,000 of yield notes due March 4, 2024 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.
Investors will receive a coupon of 9%, paid monthly.
If the worst performing index gains or ends above its 70% trigger the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% decline in the worst performing index if it finished below its trigger.
The notes are non-callable.
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: | Yield notes
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Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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Amount: | $285,000
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Maturity: | March 4, 2024
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Coupon: | 9%, paid monthly
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Price: | Par
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Payout at maturity: | If worst performing index finishes at or above its 70% trigger, par; otherwise 1% loss for every 1% that worst performing index declines
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Initial levels: | 12,042.12 for Nasdaq, 1,896.991 for Russell, 3,970.15 for S&P
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Triggers: | 8,429.484 for Nasdaq, 1,327.8937 for Russell, 2,779.105 for S&P, 70% of initial level
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Call: | Non-callable
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Pricing date: | Feb. 28, 2023
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Settlement date: | March 3, 2023
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.65%
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Cusip: | 48133UHF2
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