Published on 5/9/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.56 million review notes linked to Dow, Russell, S&P
New York, May 9 – JPMorgan Chase Financial Co. LLC priced $1.56 million of 0% review notes due May 3, 2029 linked to the Dow Jones industrial average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at par plus 11% per year if the worst performing index closes at or above 95% of its initial value on any semiannual review date starting May 1, 2024.
If the worst performing index ends at or above its 75% downside threshold, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the worst performing 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: | Review notes
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Underlying indexes: | Dow Jones industrial average, Russell 2000 index and S&P 500 index
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Amount: | $1,563,000
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Maturity: | May 3, 2029
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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 downside threshold level, par; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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Call: | Automatically at par plus 11% per year if the worst performing index closes at or above 95% of its initial value on any semiannual review date starting May 1, 2024
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Initial levels: | 34,098.16 for Dow Jones industrial average, 1,768.987 for Russell 2000, 4,169.48 for S&P 500
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Downside thresholds: | 25,573.62 for Dow Jones industrial average, 1,326.74025 for Russell 2000, 3,127.11 for S&P 500, 75% of initial level
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Pricing date: | April 28
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Settlement date: | May 5
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0%
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Cusip: | 48133V5J5
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