Published on 1/4/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $366,000 notes linked to S&P, Dow, Nasdaq
By Kiku Steinfeld
Chicago, Jan. 4 – JPMorgan Chase Financial Co. LLC priced $366,000 of 0% notes due April 29, 2027 linked to the performance of the S&P 500 index, the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final level of each index is greater than or equal to its initial index level, the payout at maturity will be par plus the return of the least performing index.
Otherwise, investors will receive par.
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: | Notes
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Underlying indexes: | S&P 500 index, Dow Jones industrial average, Nasdaq-100 index
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Amount: | $366,000
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Maturity: | April 29, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above initial level, par plus the return of the least performing index; otherwise, par
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Initial levels: | 4,137.04 for S&P, 33,875.40 for Dow, 12,969.76 for Nasdaq
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Pricing date: | April 24, 2023
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Settlement date: | April 27, 2023
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48133VM56
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