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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
Guarantor:JPMorgan Chase & Co.
Issue:Digital barrier notes
Underlying indexes:Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
Amount:$1,314,000
Maturity:Feb. 26, 2025
Coupon:0%
Price:Par
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
Initial levels:34,463.69 for Dow Jones industrial average, 14,936.69 for Nasdaq-100, 1,856.014 for Russell 2000
Digital payment:11.5%
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
Pricing date:Aug. 21
Settlement date:Aug. 24
Agent:J.P. Morgan Securities LLC
Fees:2.225%
Cusip:48134AEE1

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