Published on 1/11/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.33 million market-linked notes on S&P 500 Equal Weight relative to S&P 500
By Wendy Van Sickle
Columbus, Ohio, Jan. 11 – JPMorgan Chase Financial Co. LLC priced $2.33 million of 0% market-linked notes due Feb. 5, 2025 linked to the S&P 500 index and the S&P 500 Equal Weight index, according to a 424B2 filing with the Securities and Exchange Commission.
If the the S&P 500 Equal Weight return is greater than the S&P 500 return, the payout at maturity will be par plus 125% of the result of the S&P 500Equal Weight return minus the S&P 500 return. Otherwise investors will receive 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: | Market-linked notes
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Underlying index: | S&P 500 Equal Weight index, S&P 500 index
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Amount: | $2,325,000
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Maturity: | Feb. 5, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If S&P 500 Equal Weight return is greater than S&P 500 return, payout at maturity will be par plus 125% of result of S&P 500Equal Weight return minus S&P 500 return; minimum payout of par
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Initial level: | 6,308.09 for Equal Weight, 4,704.81 for S&P 500
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Pricing date: | Jan. 3
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Settlement date: | Jan. 10
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.09%
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Cusip: | 48134THL1
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