Published on 2/20/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.07 million uncapped dual directional digital barrier notes on indexes
New York, Feb. 20 – JPMorgan Chase Financial Co. LLC priced $1.07 million of 0% uncapped dual directional digital barrier notes due Feb. 14, 2029 linked to the Dow Jones industrial average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains, the payout will be par plus the greater of that index’s return and the 52.5% digital payment.
The payout will be par plus the absolute value of the worst performing index return if the worst performing index declines but finishes at or above its 70% 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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped dual directional digital barrier notes
|
| Underlying indexes: | Dow Jones industrial average, Russell 2000 index and S&P 500 index
|
| Amount: | $1,074,000
|
| Maturity: | Feb. 14, 2029
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worst performing index finishes at or above its initial value, par plus greater of that index’s return and 52.5%; par if worst performing index declines but finishes at or above 70% barrier; otherwise, 1% loss for every 1% that worst performing index declines from initial level
|
| Initial levels: | 38,671.69 for Dow Jones industrial average, 2,009.992 for Russell 2000, 5,026.61 for S&P 500
|
| Barriers: | 27,070.183 for Dow Jones industrial average, 1,406.9944 for Russell 2000, 3,518.627 for S&P 500, 70% of initial levels
|
| Pricing date: | Feb. 9
|
| Settlement date: | Feb. 14
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48134T5Z3
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
