Published on 3/15/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.75 million digital barrier notes linked to Dow, Nasdaq, Russell
New York, March 15 – JPMorgan Chase Financial Co. LLC priced $2.75 million of 0% digital barrier notes due May 31, 2024 linked to the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index finishes at or above its 80% digital barrier, the payout at maturity will be par plus 11.15%.
The payout will be par if the worst performing index ends below its digital barrier but at or above its 52% downside threshold. Otherwise, investors will lose 1% for every 1% that the worst performing index declines from initial level.
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: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
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| Amount: | $2,752,000
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| Maturity: | May 31, 2024
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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 80% digital barrier, par plus 11.15%; par if worst performing index ends below its digital barrier but at or above 52% downside threshold; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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| Initial levels: | 32,889.09 for Dow Jones industrial average, 12,057.79 for Nasdaq-100, 1,896.269 for Russell 2000
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| Digital payment: | 11.15%
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| Digital barriers: | 26,311.272 for Dow Jones industrial average, 9,646.232 for Nasdaq-100, 1,517.0152 for Russell 2000, 80% of initial level
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| Downside thresholds: | 17,102.3268 for Dow Jones industrial average, 6,270.0508 for Nasdaq-100, 986.05988 for Russell 2000, 52% of initial level
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| Pricing date: | Feb. 27
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| Settlement date: | March 2
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.65%
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| Cusip: | 48133UK68
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