Published on 1/16/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.47 million uncapped digital barrier notes tied to three indexes
New York, Jan. 16 – JPMorgan Chase Financial Co. LLC priced $1.47 million of 0% uncapped digital barrier notes due Jan. 9, 2029 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 finishes flat or gains, the payout at maturity will be par plus the greater of that index’s return and 52.5%.
The payout will be par if the worst performing index declines but finishes at or above its 80% barrier. 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: | $1.47 million
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| Maturity: | Jan. 9, 2029
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes flat or gains, par plus greater of that index return and 52.5%; par if worst performing index declines but finishes at or above its barrier; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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| Initial levels: | 37,440.34 for Dow Jones industrial average, 16,282.01 for Nasdaq-100, 4,688.68 for S&P 500
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| Digital payment: | 52.5%
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| Barriers: | 29,952.272 for Dow Jones industrial average, 13,025.608 for Nasdaq-100, 3,750.944 for S&P 500, 80% of initial levels
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| Strike date: | Jan. 4
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| Pricing date: | Jan. 8
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| Settlement date: | Jan. 9
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.5%
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| Cusip: | 48134RN20
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