New Issue: JPMorgan prices $500,000 knock-out notes linked to SPDR Gold Trust

By Kiku Steinfeld

Chicago, Nov. 29 - JPMorgan Chase Financial Co. LLC priced $500,000 of 0% knock-out notes due April 18, 2024 linked to the SPDR Gold Trust, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-out event will occur if the trust’s closing share price is greater than the initial share price by more than 20% on any day during the life of the notes.

If a knock-out event occurs, the payout at maturity will be par plus 5%. Otherwise, the payout will be par plus the trust’s return, subject to a minimum payout of par.

J.P. Morgan Securities LLC is the agent

The guarantor is JPMorgan Chase & Co.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Knock-out notes
Underlying fund:	SPDR Gold Trust
Amount:	$500,000
Maturity:	April 18, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the closing share price is greater than 120% of the initial share price on any day during the life of the notes, par plus 5%; otherwise, par plus the trust’s return, subject to a floor of par
Initial price:	$189.72
Pricing date:	April 14, 2023
Settlement date:	April 19, 2023
Agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	48133V3G3

© 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.