Published on 3/11/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $8.87 million trigger jump securities linked to S&P 500
New York, March 11 – JPMorgan Chase Financial Co. LLC priced $8.87 million of 0% trigger jump securities due June 3, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the index is zero or positive, the payout at maturity will be par plus 12%.
Investors will receive par if the index declines but finishes at or above the 90% trigger level and will lose 1% for every 1% that the index declines if it finishes below the trigger level.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent. Morgan Stanley will act as distributor.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Trigger jump securities
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Underlying index: | S&P 500 index
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Amount: | $8,874,000
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Maturity: | June 3, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is zero or positive, par plus 12%; par if index declines but finishes at or above trigger level; otherwise, 1% loss for every 1% that index declines from initial level
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Initial level: | 5,096.27
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Upside payment: | 12%
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Trigger: | 4,586.643, 90% of initial level
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Pricing date: | Feb. 29
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Settlement date: | March 5
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Agent: | J.P. Morgan Securities LLC
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Distributor: | Morgan Stanley
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Fees: | 2.25%
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Cusip: | 48134WB55
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