Published on 1/25/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.45 million digital barrier notes linked to Nasdaq, S&P, iShares ETF
New York, Jan. 25 – JPMorgan Chase Financial Co. LLC priced $1.45 million of 0% digital barrier notes due Feb. 23, 2024 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.
If the worst performing asset ends at or above its 60% barrier, the payout at maturity will be par plus 9.1%. Otherwise, investors will lose 1% for every 1% that the worst performing asset declines from initial level.
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 assets: | Nasdaq-100 index, S&P 500 index and iShares Russell 2000 Value ETF
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Amount: | $1.45 million
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Maturity: | Feb. 23, 2024
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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 9.1%; otherwise, 1% loss for every 1% that worst performing asset declines from initial level
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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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Digital payment: | 9.1%
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Barriers: | 6,971.418 for Nasdaq-100, 2,383.566 for S&P 500, $88.02 for iShares Russell 2000 Value ETF, 60% of initial level
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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: | 48133TWX9
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