Published on 3/9/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $254,000 digital barrier notes linked to Nasdaq, Russell, S&P
By Kiku Steinfeld
Chicago, March 9 – JPMorgan Chase Financial Co. LLC priced $254,000 of 0% digital barrier notes due Nov. 28, 2025 linked to the Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index ends above its 70% barrier, the payout at maturity will be par plus 33.8%. Investors will lose 1% for every 1% that the worst performing index declines if it finishes below the barrier.
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 indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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Amount: | $254,000
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Maturity: | Nov. 28, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index finishes at or above its 70% barrier, par plus 33.8%; 1% loss for every 1% that worst performing index declines if it finishes below its barrier
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Initial levels: | 11,838.72 for Nasdaq, 1,863.517 for Russell, 4,027.26 for S&P
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Digital payment: | 33.8%
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Barriers: | 8,287.104 for Nasdaq, 1,304.4619 for Russell, 2,819.082 for S&P, 70% of initial level
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Pricing date: | Nov. 23, 2022
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Settlement date: | Nov. 29, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.75%
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Cusip: | 48133PTF0
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