Published on 8/25/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.31 million digital barrier notes linked to Dow, Nasdaq, Russell
New York, Aug. 25 – JPMorgan Chase Financial Co. LLC priced $1.31 million of 0% digital barrier notes due Feb. 26, 2025 linked to the Dow Jones industrial average, 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 60% barrier the payout at maturity will be par plus 11.5%. 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: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
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Amount: | $1,314,000
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Maturity: | Feb. 26, 2025
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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 60% barrier, par plus 11.5%; 1% loss for every 1% that worst performing index declines if it finishes below its barrier
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Initial levels: | 34,463.69 for Dow Jones industrial average, 14,936.69 for Nasdaq-100, 1,856.014 for Russell 2000
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Digital payment: | 11.5%
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Barriers: | 20,678.214 for Dow Jones industrial average, 8,962.014 for Nasdaq-100, 1,113.6084 for Russell 2000, 60% of initial level
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Pricing date: | Aug. 21
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Settlement date: | Aug. 24
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.225%
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Cusip: | 48134AEE1
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