Published on 6/20/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $784,000 9.45% yield notes tied to Dow Jones industrial, Nasdaq, S&P 500
New York, June 20 – JPMorgan Chase Financial Co. LLC priced $784,000 of yield notes due July 28, 2023 linked to the Dow Jones industrial average, Nasdaq-100 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.45%, paid quarterly.
If the worst performing index gains or ends above its 70% 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 finished 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, Nasdaq-100 index and S&P 500 index
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Amount: | $784,000
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Maturity: | July 28, 2023
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Coupon: | 9.45%, paid quarterly
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Price: | Par
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Payout at maturity: | If worst performing index finishes at or above its 70% trigger, par; otherwise 1% loss for every 1% that worst performing index declines
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Initial levels: | 31,990.04 for Dow Jones industrial average, 12,328.41 for Nasdaq-100, 3,966.84 for S&P 500
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Triggers: | 22,393.028 for Dow Jones industrial average, 8,629.887 for Nasdaq-100, 2,776.788 for S&P 500, 70% of initial level
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Call: | Non-callable
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Pricing date: | July 26, 2022
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Settlement date: | July 29 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.2%
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Cusip: | 48133L6C1
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