Published on 6/30/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.02 million capped notes linked to S&P 500
New York, June 30 – JPMorgan Chase Financial Co. LLC priced $1.02 million of 0% capped notes due June 26, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout at maturity will be par plus the return of the index, capped at par plus 18.5%. Otherwise, the payout will be par.
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: | Capped notes
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| Underlying index: | S&P 500 index
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| Amount: | $1,021,000
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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 index gains, par plus index return, capped at par plus 18.5%; otherwise, par
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| Initial level: | 4,365.69
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| Cap: | 18.5%
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| Strike date: | June 21
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| Pricing date: | June 23
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| Settlement date: | June 28
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.65%
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| Cusip: | 48133XZJ8
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