Published on 2/27/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $150,000 7.3% yield notes linked to Dow, S&P
By Kiku Steinfeld
Chicago, Feb. 27 – JPMorgan Chase Financial Co. LLC priced $150,000 of yield notes due Nov. 21, 2025 linked to the Dow Jones industrial average and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.3%, paid monthly.
If the worst performing index gains or ends above its 60% trigger, the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% decline in the worst performing index if it finishes below its trigger.
The notes 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: | Yield notes
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Underlying indexes: | Dow Jones industrial average and S&P 500 index
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Amount: | $150,000
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Maturity: | Nov. 21, 2025
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Coupon: | 7.3%, paid monthly
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Price: | Par
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Payout at maturity: | If worst performing index finishes at or above its 60% trigger, par; otherwise 1% loss for every 1% that worst performing index declines
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Initial levels: | 33,745.69 for Dow, 3,965.34 for S&P
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Triggers: | 20,247.414 for Dow, 2,379.204 for S&P, 60% of initial level
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Call: | Non-callable
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Pricing date: | Nov. 18, 2022
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Settlement date: | Nov. 23, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.75%
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Cusip: | 48133PTD5
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