Published on 2/15/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.5 million digital notes linked to Russell index, SPDR ETF
New York, Feb. 15 – JPMorgan Chase Financial Co. LLC priced $1.5 million of 0% digital notes due March 13, 2025 linked to the Russell 2000 index and SPDR S&P Regional Banking ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing asset finishes flat or gains, the payout at maturity will be par plus 35.25%.
Otherwise, investors will be fully exposed to the decline of the worst performing asset.
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 notes
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Underlying assets: | Russell 2000 index and SPDR S&P Regional Banking ETF
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Amount: | $1,495,000
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Maturity: | March 13, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing asset finishes flat or gains, par plus 35.25%; otherwise, 1% loss for each 1% decline of worst performing asset
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Initial levels: | 2,009.992 for Russell 2000, $47.87 for SPDR S&P Regional Banking ETF
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Digital payment: | 35.25%
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Pricing date: | Feb. 9
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Settlement date: | Feb. 14
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0%
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Cusip: | 48134T5N0
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