Published on 4/17/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $500,000 digital barrier notes linked to Nasdaq, Russell
Chicago, April 17 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% digital barrier notes due July 25, 2023 linked to the lesser performing of the Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index ends above its 65% barrier the payout at maturity will be par plus 8.4%. Investors will lose 1% for every 1% that the worst performing index declines if it finishes below the barrier.
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: | Nasdaq-100 index and Russell 2000 index
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Amount: | $500,000
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Maturity: | July 25, 2023
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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 65% barrier, par plus 8.4%; 1% loss for every 1% that worst performing index declines if it finishes below its barrier
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Initial levels: | 11,835.62 for Nasdaq, 1,773.266 for Russell
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Barrier levels: | 7,693.153 for Nasdaq, 1,152.6229 for Russell, 65% of initial levels
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Digital payment: | 8.4%
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Pricing date: | May 20, 2022
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Settlement date: | May 25, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.225%
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Cusip: | 48133GFV0
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