Published on 5/17/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $545,000 digital barrier notes linked to Russell, S&P
Chicago, May 17 – JPMorgan Chase Financial Co. LLC priced $545,000 of 0% digital barrier notes due June 26, 2025 linked to the lesser performing of the Russell 2000 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 25.2%. 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: | Russell 2000 index and S&P 500 index
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Amount: | $545,000
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Maturity: | June 26, 2025
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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 25.2%; 1% loss for every 1% that worst performing index declines if it finishes below its barrier
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Initial levels: | 1,690.277 for Russell, 3,759.89 for S&P
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Barrier levels: | 1,014.1662 for Russell, 2,255.934 for S&P, 60% of initial levels
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Digital payment: | 25.2%
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Pricing date: | June 22, 2022
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Settlement date: | June 27, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.95%
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Cusip: | 48133G4W0
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