Published on 1/15/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $600,000 digital barrier notes linked to Nasdaq-100
By Kiku Steinfeld
Chicago, Jan. 16 – JPMorgan Chase Financial Co. LLC priced $600,000 of 0% digital barrier notes due May 31, 2024 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index ends above its 70% barrier the payout at maturity will be par plus 8.25%. Investors will lose 1% for every 1% that the index declines if it finishes below the barrier.
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 index: | Nasdaq-100 index
|
Amount: | $600,000
|
Maturity: | May 31, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index finishes at or above its 70% barrier, par plus 8.25%; 1% loss for every 1% that index declines if it finishes below its barrier
|
Initial level: | 13,245.99
|
Digital payment: | 8.25%
|
Barrier: | 9,272.193, 70% of initial level
|
Pricing date: | April 28, 2023
|
Settlement date: | May 3, 2023
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 1.5%
|
Cusip: | 48133VP53
|
|
© 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.