Published on 4/5/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.23 million digital barrier notes linked to two indexes, iShares ETF
New York, April 5 – JPMorgan Chase Financial Co. LLC priced $1.23 million of 0% digital barrier notes due May 2, 2024 linked to the Nasdaq-100 index, the Russell 2000 index and the iShares Russell 2000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing asset ends at or above its 60% barrier, the payout at maturity will be par plus 9.8%.
Otherwise, investors will lose 1% for every 1% that the worst performing asset 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
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Digital barrier notes
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Underlying assets: | Nasdaq-100 index, Russell 2000 index and iShares Russell 2000 Value ETF
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Amount: | $1,226,000
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Maturity: | May 2, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing asset finishes at or above its 60% barrier, par plus 9.8%; otherwise, 1% loss for every 1% that worst performing asset declines from initial level
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Initial levels: | 12,673.07 for Nasdaq-100, 1,753.673 for Russell 2000, $133.69 for iShares Russell 2000 Value ETF
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Digital payment: | 9.8%
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Barriers: | 7,603.842 for Nasdaq-100, 1,052.2038 for Russell 2000, $80.214 for iShares Russell 2000 Value ETF, 60% of initial level
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Pricing date: | March 27
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Settlement date: | March 30
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.41056%
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Cusip: | 48133VFR6
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