Published on 12/4/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $509,000 dual directional notes on S&P Daily Risk 10% Excess Return
Chicago, Dec. 4 – JPMorgan Chase Financial Co. LLC priced $509,000 of 0% dual directional notes due Oct. 29, 2027 linked to the performance of the S&P 500 Daily Risk Control 10% Excess Return index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
At maturity, the payout will be par plus 1.1 times the absolute index return. The payout will be positive if the index increase or declines.
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: | Dual directional notes
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Underlying index: | S&P 500 Daily Risk Control 10% Excess Return index
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Amount: | $509,000
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Maturity: | Oct. 29, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.1 times absolute index return
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Initial level: | 230.493
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Pricing date: | Oct. 26, 2022
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Settlement date: | Oct. 31, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 3.74779%
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Cusip: | 48133NRN0
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