Published on 2/23/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $500,000 digital barrier notes linked to three stocks
Chicago, Feb. 23 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% digital barrier notes due Jan. 24, 2025 linked to the stock performance of Nvidia Corp., Amazon.com, Inc. and Microsoft Corp., according to a 424B2 filing with the Securities and Exchange Commission.
If the least performing stock finishes at or above 75% of its initial level, the payout at maturity will be par plus the digital upside return of 16.5%.
Investors will receive par if the worst performer finishes between 55% and 75% of its initial level.
Otherwise, investors will be fully exposed to the decline of the worst performer from its initial level.
The notes are guaranteed by JPMorgan Chase & Co.
The agent is J.P. Morgan Securities LLC.
| 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 stocks: | Nvidia Corp., Amazon.com, Inc., Microsoft Corp.
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| Amount: | $500,000
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| Maturity: | Jan. 24, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If least performing stock finishes at or above digital barrier level, par plus 16.5%; if final level of worst performer is between 55% and 75% of initial level, par; otherwise, full exposure to decline of worst performer from initial level
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| Initial levels: | $547.10 for Nvidia, $154.62 for Amazon, $388.47 for Microsoft
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| Digital barrier levels: | $410.325 for Nvidia, $115.965 for Amazon, $291.3525 for Microsoft; 75% of initial levels
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| Barrier levels: | $300.905 for Nvidia, $85.041 for Amazon, $213.6585 for Microsoft; 55% of initial levels
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| Pricing date: | Jan. 12
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| Settlement date: | Jan. 18
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.725%
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| Cusip: | 48134TTJ3
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