Published on 4/23/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $361,000 digital barrier notes linked to indexes, ETF
Chicago, April 23 – JPMorgan Chase Financial Co. LLC priced $361,000 of 0% digital barrier notes due Feb. 28, 2025 linked to the least performing of the Nasdaq-100 index, Russell 2000 index and VanEck Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing asset ends above its 60% barrier the payout at maturity will be par plus 8.8%. Investors will lose 1% for every 1% that the worst performing asset 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.
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| Issue: | Digital barrier notes
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| Underlying assets: | Nasdaq-100 index, Russell 2000 index and VanEck Gold Miners ETF
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| Amount: | $361,000
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| Maturity: | Feb. 28, 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 at or above its 60% barrier, par plus 8.8%; 1% loss for every 1% that worst performing asset declines if it finishes below its barrier
|
| Initial levels: | 17,516.99 for Nasdaq, 1,975.878 for Russell, $28.25 for gold ETF
|
| Barrier levels: | 10,510.194 for Nasdaq, 1,185.5268 for Russell, $16.95 for gold ETF, 60% of initial levels
|
| Digital payment: | 8.8%
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| Pricing date: | Jan. 25
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| Settlement date: | Jan. 30
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.45%
|
| Cusip: | 48134TZL1
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