Published on 7/27/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $562,000 digital barrier notes linked to Nasdaq, Russell, S&P
New York, July 27 – JPMorgan Chase Financial Co. LLC priced $562,000 of 0% digital barrier notes due Oct. 24, 2024 linked to the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index ends at or above its 70% barrier, the payout at maturity will be par plus 9.05%.
Otherwise, investors will lose 1% for every 1% that the worst performing index declines from its initial level.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Digital barrier notes
|
Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
|
Amount: | $562,000
|
Maturity: | Oct. 24, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If worst performing index finishes at or above its 70% barrier, par plus 9.05%; otherwise, 1% loss for every 1% that worst performing index declines from initial level
|
Initial levels: | 15,466.09 for Nasdaq-100, 1,967.160 for Russell 2000, 4,534.87 for S&P 500
|
Digital payment: | 9.05%
|
Barriers: | 10,826.263 for Nasdaq-100, 1,377.012 for Russell 2000, 3,174.409 for S&P 500, 70% of initial levels
|
Pricing date: | July 20
|
Settlement date: | July 25
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 2.225%
|
Cusip: | 48133YJA3
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.