Published on 3/24/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $4.36 million digital notes linked to Russell, S&P
New York, March 24 – JPMorgan Chase Financial Co. LLC priced $4.36 million of 0% digital notes due April 22, 2024 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
At maturity, the payout will be par plus 13.4% unless either index closes below its 75% trigger value during the life of the notes and either index finishes below its initial level, in which case investors will receive par if the worst performer finishes at or above its trigger value or lose 1% for every 1% that the worst performer declines if it finishes below trigger value.
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 notes
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| Underlying indexes: | Russell 2000 index and S&P 500 index
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| Amount: | $4,357,000
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| Maturity: | April 22, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 13.4% unless either index closes below its 75% trigger value during the life of the notes and either index finishes below its initial level, constituting a trigger event; if a trigger event has occurred and the worst performer finishes at or above trigger value, par; if a trigger event has occurred and the worst performer finishes below trigger value, full exposure to decline of that index from initial level
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| Initial levels: | 1,725.891 for Russell 2000, 3,916.64 for S&P 500
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| Trigger values: | 1,294.41825 for Russell 2000, 2,937.48 for S&P 500, 75% of initial levels
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| Digital payment: | 13.4%
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| Pricing date: | March 17
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| Settlement date: | March 22
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 48133UZH8
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