Published on 9/28/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $4.09 million digital notes linked to Russell 2000
New York, Sept. 28 – JPMorgan Chase Financial Co. LLC priced $4.09 million of 0% digital notes due Sept. 25, 2026 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes flat or gains, the payout at maturity will be par plus 40.25%. Otherwise, the payout will be par.
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 notes
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| Underlying index: | Russell 2000 index
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| Amount: | $4,086,000
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| Maturity: | Sept. 25, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes flat or gains, par plus 40.25%; otherwise, par
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| Initial level: | 1,776.503
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| Digital payment: | 40.25%
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| Pricing date: | Sept. 22
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| Settlement date: | Sept. 27
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 48134AYP4
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