Published on 7/14/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $7.46 million PLUS linked to S&P 500
New York, July 14 – JPMorgan Chase Financial Co. LLC priced $7.46 million of 0% PLUS due Oct. 3, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 300% of the index return subject to a maximum return of par plus 16%. Investors will lose 1% for every 1% that it declines.
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: | PLUS
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Underlying index: | S&P 500 index
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Amount: | $7,461,000
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Maturity: | Oct. 3, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 300% of index return subject to a maximum return of par plus 16%; 1% loss for every 1% that index declines
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Initial level: | 4,450.38
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Upside leverage: | 300%
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Cap: | 16%
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Pricing date: | June 30
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Settlement date: | July 6
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Agent: | J.P. Morgan Securities LLC
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Distributor: | Morgan Stanley Wealth Management
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Fees: | 2.25% including a structuring fee of 0.5%
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Cusip: | 48133XTY2
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