Published on 4/28/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.06 million digital barrier notes linked to S&P 500
New York, April 28 – JPMorgan Chase Financial Co. LLC priced $1.06 million of 0% digital barrier notes due April 24, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index ends at or above its 80% barrier, the payout at maturity will be par plus 18.4%.
Otherwise, investors will lose 1% for every 1% that the index 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 index: | S&P 500 index
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| Amount: | $1,056,000
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| Maturity: | April 24, 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 its 80% barrier, par plus 18.4%; otherwise, 1% loss for every 1% that index declines from initial level
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| Initial level: | 4,133.52
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| Digital payment: | 18.4%
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| Barrier: | 3,306.816, 80% of initial level
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| Pricing date: | April 21
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| Settlement date: | April 26
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
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| Cusip: | 48133VQK9
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