Published on 9/5/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.65 million digital barrier notes linked to Advanced Micro Devices
New York, Sept. 5 – JPMorgan Chase Financial Co. LLC priced $1.65 million of 0% digital barrier notes due March 5, 2025 linked to the common stock of Advanced Micro Devices, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock ends at or above its 65% barrier, the payout at maturity will be par plus 24.5%.
Otherwise, investors will lose 1% for every 1% that the stock 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
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Digital barrier notes
|
Underlying stock: | Advanced Micro Devices, Inc.
|
Amount: | $1,654,000
|
Maturity: | March 5, 2025
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If stock finishes at or above its 65% barrier, par plus 24.5%; otherwise, 1% loss for every 1% that stock declines from initial level
|
Initial level: | $105.92
|
Digital payment: | 24.5%
|
Barrier: | $68.848, 65% of initial level
|
Pricing date: | Aug. 29
|
Settlement date: | Aug. 31
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 2%
|
Cusip: | 48134AFP5
|
|
|
© 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.