Published on 9/27/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $610,000 digital barrier notes linked to Russell 2000, S&P 500
By Kiku Steinfeld
Chicago, Sept. 27 – JPMorgan Chase Financial Co. LLC priced $610,000 of 0% digital barrier notes due April 18, 2024 linked to 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 8.2%. 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: | $610,000
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Maturity: | April 18, 2024
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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 8.2%; 1% loss for every 1% that worst performing index declines if it finishes below its barrier
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Initial levels: | 1,745.945 for Russell, 3,891.93 for S&P
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Digital payment: | 8.2%
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Barriers: | 1,047.567 for Russell, 2,335.158 for S&P, 60% of initial level
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Pricing date: | March 15, 2023
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Settlement date: | March 20, 2023
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.65%
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Cusip: | 48133VAL4
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