Published on 12/15/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $508,000 capped digital notes linked to Russell, S&P
By Kiku Steinfeld
Chicago, Dec. 15 – JPMorgan Chase Financial Co. LLC priced $508,000 of 0% capped digital notes due May 24, 2024 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of each index is greater than or equal to its initial level, the payout at maturity will be par plus 7.25%. If the final level of either index is less than its initial level, the payout will be par.
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: | Capped digital notes
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Underlying indexes: | Russell 2000 index and the S&P 500 index
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Amount: | $508,000
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Maturity: | May 24, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final level of each index is greater than or equal to initial level, par plus 7.25%; otherwise, par
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Initial levels: | 1,791.506 for Russell and 4,133.52 for S&P
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Pricing date: | April 21, 2023
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Settlement date: | April 26, 2023
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.75%
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Cusip: | 48133VE55
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