Published on 3/3/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $430,000 digital barrier notes linked to Dow, Nasdaq, S&P
Chicago, March 3 – JPMorgan Chase Financial Co. LLC priced $430,000 of 0% digital barrier notes due June 15, 2023 linked to the least performing of the Dow Jones industrial average, 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 60% barrier the payout at maturity will be par plus 8%. 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: | Dow Jones industrial average, Nasdaq-100 index and S&P 500 index
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Amount: | $430,000
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Maturity: | June 15, 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 60% barrier, par plus 8%; 1% loss for every 1% that worst performing index declines if it finishes below its barrier
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Initial levels: | 31,834.11 for Dow, 11,967.56 for Nasdaq, 3,935.18 for S&P
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Barrier levels: | 19,100.466 for Dow, 7,180.536 for Nasdaq, 2,361.108 for S&P, 60% of initial levels
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Digital payment: | 8%
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Pricing date: | May 11, 2022
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Settlement date: | May 16, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.4%
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Cusip: | 48133FS48
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