Published on 10/25/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.47 million digital barrier notes linked to Nasdaq, Russell, S&P
New York, Oct. 25 – JPMorgan Chase Financial Co. LLC priced $2.47 million of 0% digital barrier notes due Nov. 22, 2024 linked to the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index ends at or above its 60% barrier level, the payout at maturity will be par plus 8.65%.
Otherwise, investors will lose 1% for every 1% that the worst performing index declines from initial level.
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: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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Amount: | $2,472,000
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Maturity: | Nov. 22, 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 level, par plus 8.65%; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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Initial levels: | 14,783.13 for Nasdaq-100, 1,702.702 for Russell 2000, 4,278.00 for S&P 500
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Barrier levels: | 8,869.878 for Nasdaq-100, 1,021.6212 for Russell 2000, 2,566.80 for S&P 500; 60% of initial levels
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Digital payment: | 8.65%
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Pricing date: | Oct. 19
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Settlement date: | Oct. 24
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.67266%
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Cusip: | 48134BGY3
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