Published on 2/2/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $3.24 million digital barrier notes linked to Starbucks, Hasbro
By William Gullotti
Buffalo, N.Y., Feb. 2 – JPMorgan Chase Financial Co. LLC priced $3.24 million of 0% digital barrier notes due Feb. 21, 2025 linked to the stock performance of Starbucks Corp. and Hasbro, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If each stock finishes at or above its 60% barrier level, the payout at maturity will be par plus 17.5%.
Otherwise, investors will be fully exposed to the decline of the laggard stock from its initial price.
The notes are guaranteed by JPMorgan Chase & Co.
The agent is J.P. Morgan Securities LLC.
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 stocks: | Starbucks Corp., Hasbro, Inc.
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Amount: | $3,244,000
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Maturity: | Feb. 21, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each stock finishes at or above barrier level, par plus 17.5%; otherwise, full exposure to decline of laggard stock from initial price
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Initial prices: | $92.70 for Starbucks, $47.11 for Hasbro
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Barrier levels: | $55.62 for Starbucks, $28.266 for Hasbro; 60% of initial levels
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Strike date: | Jan. 16
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Pricing date: | Jan. 17
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Settlement date: | Jan. 22
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.47%
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Cusip: | 48134TVZ4
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