Published on 10/6/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.5 million uncapped digital barrier notes on Stoxx
New York, Oct. 6 – JPMorgan Chase Financial Co. LLC priced $2.5 million of 0% uncapped digital barrier notes due Oct. 4, 2027 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index ends above its 75% barrier the payout at maturity will be par plus the greater of the index return and 55.25%. 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: | Uncapped digital barrier notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $2.5 million
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Maturity: | Oct. 4, 2027
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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 75% barrier, par plus greater of index return and 55.25%; 1% loss for every 1% that index declines if it finishes below its barrier
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Initial level: | 4,174.66 on strike date of Sept. 29
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Digital payment: | 55.25%
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Barrier: | 3,130.995, 75% of initial level
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Pricing date: | Oct. 3
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Settlement date: | Oct. 6
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.6%
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Cusip: | 48134BCM3
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