Published on 1/12/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $400,000 0% uncapped dual directional digital barrier notes on indexes, fund
New York, Jan. 12 – JPMorgan Chase Financial Co. LLC priced $400,000 of 0% uncapped dual directional digital barrier notes due Jan. 10, 2029 linked to the Nasdaq-100 index, Russell 2000 index and Utilities Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing asset gains the payout will be par plus the greater of the worst performing asset return and the 55% digital payment.
The payout will be par plus the absolute value of the worst performing asset return if the worst performing asset declines but finishes at or above its 60% barrier.
Investors will lose 1% for every 1% that the worst performing asset declines if it ends below its barrier.
The securities are non-callable.
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 dual directional digital barrier notes
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| Underlying assets: | Nasdaq-100 index, Russell 2000 index and Utilities Select Sector SPDR Fund
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| Amount: | $400,000
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| Maturity: | Jan. 10, 2029
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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 initial value, par plus greater of worst performing asset return and 55%; par if worst performing asset declines but finishes above 60% barrier; 1% loss for every 1% that worst performing asset declines if it finishes below barrier
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| Digital payment: | 55%
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| Cap: | None
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| Initial levels: | 16,305.98 for Nasdaq-100, 1,951.142 for Russell 2000, $64.53 for Utilities Select Sector SPDR Fund
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| Barriers: | 9,783.588 for Nasdaq-100, 1,170.6852 for Russell 2000, $38.718 for Utilities Select Sector SPDR Fund, 60% of initial level
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| Call: | Non-callable
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| Pricing date: | Jan. 5
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| Settlement date: | Jan. 10
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.75%
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| Cusip: | 48134TAH7
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