Published on 3/27/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $7.23 million enhanced trigger jump securities linked to S&P 500
New York, March 27 – JPMorgan Chase Financial Co. LLC priced $7.23 million of 0% enhanced trigger jump securities due Sept. 23, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the 90% downside threshold, the payout at maturity will be par plus 12.55%.
Otherwise, investors will lose 1% for every 1% that the index declines from initial level.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent. Morgan Stanley Wealth Management will act as distributor.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Enhanced trigger jump securities
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Underlying index: | S&P 500 index
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Amount: | $7,232,000
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Maturity: | Sept. 23, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above downside threshold level, par plus 12.55%; otherwise, 1% loss for every 1% that index declines from initial level
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Initial level: | 5,149.42
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Upside payment: | 12.55%
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Downside threshold: | 4,634.478, 90% of initial level
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Pricing date: | March 18
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Settlement date: | March 21
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Agent: | J.P. Morgan Securities LLC
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Distributor: | Morgan Stanley Wealth Management
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Fees: | 2.5%
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Cusip: | 48134W5J2
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