Published on 12/5/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.3 million uncapped digital barrier notes tied to Dow, Nasdaq, S&P
New York, Dec. 5 – JPMorgan Chase Financial Co. LLC priced $2.3 million of 0% uncapped digital barrier notes due Dec. 3, 2026 linked to the Dow Jones industrial average, the Nasdaq-100 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 70% barrier, the payout at maturity will be par plus the greater of the worst performing index return and 24.1%.
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: | Uncapped digital barrier notes
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Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and S&P 500 index
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Amount: | $2,295,000
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Maturity: | Dec. 3, 2026
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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 70% barrier, par plus greater of worst performing index return and 24.1%; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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Initial levels: | 35,430.42 for Dow Jones industrial average, 15,987.60 for Nasdaq-100, 4,550.58 for S&P 500
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Digital payment: | 24.1%
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Barriers: | 24,801.294 for Dow Jones industrial average, 11,191.32 for Nasdaq-100, 3,185.406 for S&P 500, 70% of initial levels
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Pricing date: | Nov. 29
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Settlement date: | Dec. 4
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0%
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Cusip: | 48134RHY7
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