Published on 11/6/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $250,000 capped notes linked to Nasdaq, S&P
By Kiku Steinfeld
Chicago, Nov. 6 – JPMorgan Chase Financial Co. LLC priced $250,000 of 0% capped notes due April 11, 2024 linked to the Nasdaq-100 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains the payout at maturity will be par plus 100% of the return of the worst performing index capped at par plus 7.85%. 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
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Capped notes
|
Underlying indexes: | Nasdaq-100 index and S&P 500 index
|
Amount: | $250,000
|
Maturity: | April 11, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If worst performing index gains par plus 100% of worst performing index return capped at par plus 7.85%; otherwise par
|
Initial levels: | 13,148.35 for Nasdaq-100, 4,124.51 for S&P 500
|
Upside leverage: | 100%
|
Cap: | 7.85%
|
Principal protection: | 100%
|
Pricing date: | April 3, 2023
|
Settlement date: | April 6, 2023
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 0.45%
|
Cusip: | 48133VLP3
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.