Published on 6/27/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1 million 8.6% yield notes linked to Dow Jones, NextEra Energy
New York, June 27 – JPMorgan Chase Financial Co. LLC priced $1.00 million of yield notes due Dec. 19, 2024 linked to the Dow Jones industrial average and NextEra Energy, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.6%, paid monthly.
If the worst performing asset finishes at or above its 65% trigger, the payout at maturity will be par plus the coupon.
Otherwise, investors will lose 1% for every 1% decline in the worst performing asset from its initial level.
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: | Yield notes
|
| Underlying assets: | Dow Jones industrial average and NextEra Energy, Inc.
|
| Amount: | $1,002,000
|
| Maturity: | Dec. 19, 2024
|
| Coupon: | 8.6%, paid monthly
|
| Price: | Par
|
| Payout at maturity: | If worst performing asset finishes at or above its 65% trigger, par; otherwise, 1% loss for every 1% that worst performing asset declines from initial level
|
| Initial levels: | 34,299.12 for Dow Jones industrial average, $75.59 for NextEra Energy
|
| Triggers: | 22,294.428 for Dow Jones industrial average, $49.1335 for NextEra Energy, 65% of initial level
|
| Strike date: | June 16
|
| Pricing date: | June 20
|
| Settlement date: | June 23
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.3%
|
| Cusip: | 48133XWV4
|
|
|
|
|
© 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.
