Published on 1/25/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.31 million yield notes linked to Nasdaq-100, S&P 500, iShares ETF
New York, Jan. 25 – JPMorgan Chase Financial Co. LLC priced $1.31 million of yield notes due July 25, 2023 linked to the Nasdaq-100 index, the S&P 500 index and the iShares Russell 2000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 5.90004% per year, or 2.95% for the term, paid monthly.
If the worst performing asset finishes at or above 79% of its initial level, the payout at maturity will be par plus the coupon.
Otherwise, investors will lose 1% for each 1% decline in the worst performing asset beyond 21%.
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: | Yield notes
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Underlying assets: | Nasdaq-100 index, S&P 500 index and iShares Russell 2000 Value ETF
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Amount: | $1.31 million
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Maturity: | July 25, 2023
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Coupon: | 5.90004% per year, or 2.95% for the term, paid monthly
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Price: | Par
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Payout at maturity: | If worst performing asset finishes at or above 79% of initial level, par; otherwise, 1% loss for every 1% that worst performing asset declines beyond 21%
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Initial levels: | 11,619.03 for Nasdaq-100, 3,972.61 for S&P 500, $146.70 for iShares Russell 2000 Value ETF
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Buffer: | 21%
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Pricing date: | Jan. 20
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Settlement date: | Jan. 25
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.65%
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Cusip: | 48133TXX8
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