Published on 10/13/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $95,000 digital barrier notes linked to bank ETF
Chicago, Oct. 13 – JPMorgan Chase Financial Co. LLC priced $95,000 of 0% digital barrier notes due Jan. 5, 2024 linked to the SPDR S&P Bank ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF ends above its 80% barrier the payout at maturity will be par plus 17%. Investors will lose 1% for every 1% that the ETF 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
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Digital barrier notes
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Underlying ETF: | SPDR S&P Bank ETF
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Amount: | $95,000
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Maturity: | Jan. 5, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If ETF finishes at or above its 80% barrier, par plus 17%; 1% loss for every 1% that ETF declines if it finishes below its barrier
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Initial level: | $44.29
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Barrier level: | $35.432, 80% of initial level
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Digital payment: | 17%
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Pricing date: | Sept. 30, 2022
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Settlement date: | Oct. 5, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.61842%
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Cusip: | 48133M5D8
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