Published on 1/17/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.35 million digital equity notes linked to S&P 500
By William Gullotti
Buffalo, N.Y., Jan. 17 – JPMorgan Chase Financial Co. LLC priced $1.35 million of 0% digital equity notes due Nov. 26, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
At maturity, investors will receive par plus 21.875% if the index finishes at or above its 75.69% threshold and lose 1.3212% for every 1% decline beyond 24.31%.
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 equity notes
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Underlying index: | S&P 500 index
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Amount: | $1,345,000
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Maturity: | Nov. 26, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above threshold level, par plus 21.875%; otherwise, lose 1.3212% for every 1% decline beyond 24.31%
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Initial level: | 3,969.61
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Threshold level: | 75.69% of initial level
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Pricing date: | Jan. 11
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Settlement date: | Jan. 19
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.27%
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Cusip: | 48133THB4
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