Published on 12/15/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $685,000 digital barrier notes linked to Nasdaq, S&P
By Kiku Steinfeld
Chicago, Dec. 15 – JPMorgan Chase Financial Co. LLC priced $685,000 of 0% digital barrier notes due May 23, 2023 linked to the Nasdaq-100 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index ends above its 70% barrier the payout at maturity will be par plus 9.85%. 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
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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 and S&P 500 index
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Amount: | $685,000
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Maturity: | May 23, 2023
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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 70% barrier, par plus 9.85%; 1% loss for every 1% that worst performing index declines if it finishes below its barrier
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Initial levels: | 13,910.76 for Nasdaq, 4,391.69 for S&P
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Digital payment: | 9.85%
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Barriers: | 9,737.532 for Nasdaq, 3,074.183 for S&P, 70% of initial level
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Pricing date: | April 18
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Settlement date: | April 21
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0%
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Cusip: | 48133FKH7
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