Published on 8/18/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.73 million digital barrier notes linked to Nasdaq, Russell, S&P
New York, Aug. 18 – JPMorgan Chase Financial Co. LLC priced $1.73 million of 0% digital barrier notes due Aug. 23, 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.
If the worst performing index ends at or above its 70% digital barrier, the payout at maturity will be par plus 9.321%.
The payout will be par if the worst performing index ends below its digital barrier but at or above its 60% downside threshold. Otherwise, investors will lose 1% for every 1% that the worst performing index 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 indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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Amount: | $1,725,000
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Maturity: | Aug. 23, 2024
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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 70% digital barrier, par plus 9.321%; par if worst performing index ends below its digital barrier but at or above 60% downside threshold; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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Initial levels: | 15,028.07 for Nasdaq-100, 1,925.114 for Russell 2000, 4,464.05 for S&P 500
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Digital payment: | 9.321%
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Digital barriers: | 10,519.649 for Nasdaq-100, 1,347.5798 for Russell 2000, 3,124.835 for S&P 500, 70% of initial levels
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Downside thresholds: | 9,016.842 for Nasdaq-100, 1,155.0684 for Russell 2000, 2,678.43 for S&P 500, 60% of initial levels
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Pricing date: | Aug. 11
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Settlement date: | Aug. 16
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.2%
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Cusip: | 48133Y7M0
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