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Published on 11/16/2023 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $1.16 million uncapped digital barrier notes linked to FTSE 100

New York, Nov. 16 – JPMorgan Chase Financial Co. LLC priced $1.16 million of 0% uncapped digital barrier notes due Nov. 16, 2028 linked to the FTSE 100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes flat or gains, the payout at maturity will be par plus the greater of the index return and 50.5%.

The payout will be par if the index declines but finishes at or above its 60% barrier. Otherwise, investors will lose 1% for every 1% that the index declines from 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:Uncapped digital barrier notes
Underlying index:FTSE 100 index
Amount:$1,156,000
Maturity:Nov. 16, 2028
Coupon:0%
Price:Par
Payout at maturity:If index finishes flat or gains, par plus greater of index return and 50.5%; par if index declines but finishes at or above its barrier; otherwise, 1% loss for every 1% that index declines from initial level
Initial level:7,425.83
Digital payment:50.5%
Barrier:4,455.498, 60% of initial level
Pricing date:Nov. 13
Settlement date:Nov. 16
Agent:J.P. Morgan Securities LLC
Fees:3.35%
Cusip:48134RKR8

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