Published on 3/19/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.37 million digital barrier notes linked to Nasdaq, Russell, S&P
New York, March 19 – JPMorgan Chase Financial Co. LLC priced $1.37 million of 0% digital barrier notes due April 11, 2025 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 63% barrier, the payout at maturity will be par plus 7.5%.
Otherwise, investors will lose 1% for every 1% that the worst performing index declines from 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: | $1,373,000
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Maturity: | April 11, 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 63% barrier, par plus 7.5%; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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Initial levels: | 18,018.45 for Nasdaq-100, 2,082.713 for Russell 2000, 5,123.69 for S&P 500
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Digital payment: | 7.5%
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Barriers: | 11,351.6235 for Nasdaq-100, 1,312.10919 for Russell 2000, 3,227.9247 for S&P 500, 63% of initial levels
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Pricing date: | March 8
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Settlement date: | March 13
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.725%
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Cusip: | 48134W2Z9
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