Published on 6/22/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1 million digital notes linked to Nasdaq-100, Russell 2000, S&P 500
New York, June 22 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% digital notes due July 18, 2024 linked to the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 8.65% unless any index closes below its 50% trigger value on any trading day during the life of the notes and any index finishes below its initial level, in which case investors will lose 1% for every 1% that the worst performer 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
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Digital notes
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Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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Amount: | $1 million
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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: | Par plus 8.65% unless any index closes below its 50% trigger value on any trading day during the life of the notes and any index finishes below its initial level, in which case investors will lose 1% for every 1% that the worst performer declines from initial level
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Initial levels: | 15,185.48 for Nasdaq-100, 1,889.282 for Russell 2000, 4,425.84 for S&P 500
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Trigger values: | 7,592.74 for Nasdaq-100, 944.641 for Russell 2000, 2,212.92 for S&P 500, 50% of initial levels
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Digital payment: | 8.65%
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Pricing date: | June 15
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Settlement date: | June 21
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.6%
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Cusip: | 48133XSB3
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