Published on 4/24/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.34 million contingent interest notes linked to Nasdaq, Russell, S&P
New York, April 24 – JPMorgan Chase Financial Co. LLC priced $1.34 million of contingent interest notes due Oct. 17, 2024 linked to the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.35%, paid monthly, if each underlying index closes at or above its 65% trigger level on the related monthly observation date.
If the worst performing index finishes at or above its 65% trigger value, the payout at maturity will be par plus the contingent coupon.
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: | Contingent interest notes
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Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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Amount: | $1,338,000
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Maturity: | Oct. 17, 2024
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Coupon: | 9.35%, paid monthly, if each underlying index closes at or above its 65% trigger level on the related monthly observation date
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Price: | Par
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Payout at maturity: | If worst performing index finishes at or above its 65% trigger value, par; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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Initial levels: | 13,079.52 for Nasdaq-100, 1,781.154 for Russell 2000, 4,137.64 for S&P 500
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Trigger values: | 8,501.688 for Nasdaq-100, 1,157.7501 for Russell 2000, 2,689.466 for S&P 500, 65% of initial level
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Pricing date: | April 14
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Settlement date: | April 19
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.36682%
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Cusip: | 48133V3U2
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