Published on 6/20/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $4.86 million digital barrier notes linked to S&P 500
New York, June 20 – JPMorgan Chase Financial Co. LLC priced $4.86 million of 0% digital barrier notes due July 18, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index ends at or above its 70% barrier, the payout at maturity will be par plus 8.7%.
Otherwise, investors will lose 1% for every 1% that the index declines from its 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: | Digital barrier notes
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Underlying index: | S&P 500 index
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Amount: | $4,863,000
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Maturity: | July 18, 2024
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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 its 70% barrier, par plus 8.7%; otherwise, 1% loss for every 1% that index declines from initial level
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Initial level: | 4,372.59
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Digital payment: | 8.7%
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Barrier: | 3,060.813, 70% of initial level
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Pricing date: | June 14
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Settlement date: | June 20
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0%
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Cusip: | 48133XQU3
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