Published on 11/13/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $5.68 million capped digital notes linked to S&P, Russell
By William Gullotti
Buffalo, N.Y., Nov. 13 – JPMorgan Chase Financial Co. LLC priced $5.68 million of 0% capped digital notes due Feb. 6, 2025 linked to the performance of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes at or above its initial level, the payout at maturity will be par plus 10.8%.
Otherwise, investors will receive par.
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 digital notes
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Underlying indexes: | S&P 500 index, Russell 200 index
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Amount: | $5,683,000
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Maturity: | Feb. 6, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above its initial level, par plus 10.8%; otherwise, par
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Initial levels: | 4,358.34 for S&P, 1,760.705 for Russell
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Pricing date: | Nov. 3
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Settlement date: | Nov. 8
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 48134BS95
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