Published on 5/25/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $11.43 million enhanced trigger jump securities linked to S&P
By Wendy Van Sickle
Columbus, Ohio, May 25 – JPMorgan Chase Financial Co. LLC priced $11.43 million of 0% enhanced trigger jump securities due June 3, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains or ends above the 80% downside threshold the payout at maturity will be par plus 9.5%. Investors will lose 1% for every 1% that the index declines if it finishes below the downside threshold level.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent. Morgan Stanley Wealth Management will act as distributor.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Enhanced trigger jump securities
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Underlying index: | S&P 500 index
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Amount: | $11,432,000
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Maturity: | June 3, 2024
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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 downside threshold level, par plus 9.5%; 1% loss for every 1% that index declines if it finishes below downside threshold level
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Initial level: | 4,191.98
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Upside payment: | 9.5%
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Downside threshold: | 3,353.584, 80% of initial level
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Pricing date: | May 19
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Settlement date: | May 24
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Agent: | J.P. Morgan Securities LLC
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Distributor: | Morgan Stanley Wealth Management
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Fees: | 1.28%
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Cusip: | 48133WPJ1
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