Published on 4/28/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $329,000 trigger in-digital notes linked to Russell 2000
By Kiku Steinfeld
Chicago, April 28 – JPMorgan Chase Financial Co. LLC priced $329,000 of 0% trigger in-digital notes due Jan. 10, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its 73% downside threshold level, the payout at maturity will be par plus 10%.
If the index declines more than 27%, investors will lose 1% for every 1% of the index’s decline from its initial level.
The notes will be guaranteed by JPMorgan Chase & Co.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Trigger in-digital notes
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| Underlying index: | Russell 2000
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| Amount: | $329,000
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| Maturity: | Jan. 10, 2024
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If the index finishes at or above its downside threshold level, par plus 10%; otherwise, full exposure to index decline from initial level
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| Initial value: | 1,760.932
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| Downside threshold level: | 1,285.480; 73% of initial value
|
| Pricing date: | Dec. 23, 2022
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| Settlement date: | Dec. 29, 2022
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| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 0.2%
|
| Cusip: | 48133K757
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