Published on 1/16/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $40,000 notes linked to S&P 500 Dividend Aristocrats
By Kiku Steinfeld
Chicago, Jan. 16 – JPMorgan Chase Financial Co. LLC priced $40,000 of 0% notes due May 1, 2025 linked to the S&P 500 Dividend Aristocrats Daily Risk Control 8% Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 135% of the index return, subject to a minimum payout of par.
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: | Notes
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Underlying index: | S&P 500 Dividend Aristocrats Daily Risk Control 8% Excess Return index
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Amount: | $40,000
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Maturity: | May 1, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 135% of index return, subject to minimum payout of par
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Initial level: | 2,500.296
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Pricing date: | April 28, 2023
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Settlement date: | May 3, 2023
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.25%
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Cusip: | 48133VPK0
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