Published on 9/26/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $733,000 digital barrier notes linked to index, ETFs
Chicago, Sept. 26 – JPMorgan Chase Financial Co. LLC priced $733,000 of 0% digital barrier notes due Sept. 25, 2025 linked to the least performing of the Nasdaq-100 index, VanEck Gold Miners ETF and iShares Russell 2000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing asset ends above its 55% barrier the payout at maturity will be par plus 36.85%. Investors will lose 1% for every 1% that the worst performing asset 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: | Digital barrier notes
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Underlying assets: | Nasdaq-100 index, VanEck Gold Miners ETF and iShares Russell 2000 Value ETF
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Amount: | $733,000
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Maturity: | Sept. 25, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing asset finishes at or above its 55% barrier, par plus 36.85%; 1% loss for every 1% that worst performing asset declines if it finishes below its barrier
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Initial levels: | 11,637.79 for Nasdaq, $23.83 for gold ETF, $138.97 for Russell Value ETF
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Barrier levels: | 6,400.7845 for Nasdaq, $13.1065 for gold ETF, $76.4335 for Russell Value ETF, 55% of initial levels
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Digital payment: | 36.85%
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Pricing date: | On or about Sept. 21, 2022
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Settlement date: | Sept. 26, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.48411%
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Cusip: | 48133NAA6
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