Published on 12/13/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.97 million digital barrier notes linked to S&P 500
New York, Dec. 13 – JPMorgan Chase Financial Co. LLC priced $2.97 million of 0% digital barrier notes due March 12, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index ends at or above its 90% barrier, the payout at maturity will be par plus 18.5%.
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
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Digital barrier notes
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Underlying index: | S&P 500 index
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Amount: | $2,973,000
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Maturity: | March 12, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above its 90% barrier, par plus 18.5%; otherwise, 1% loss for every 1% that index declines from initial level
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Initial level: | 3,933.92
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Digital payment: | 18.5%
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Barrier: | 3,540.528, 90% of initial level
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Pricing date: | Dec. 7
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Settlement date: | Dec. 12
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.25%
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Cusip: | 48133PXU2
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