Published on 6/30/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $863,000 PLUS linked to Topix
Chicago, June 30 – JPMorgan Chase Financial Co. LLC priced $863,000 of 0% PLUS due Oct. 4, 2023 linked to the Topix index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 300% of the index return subject to a maximum return of par plus 26%. Investors will lose 1% for every 1% that it declines.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent. Morgan Stanley Wealth Management will act as distributor.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | PLUS
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Underlying index: | Topix index
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Amount: | $863,000
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Maturity: | Oct. 4, 2023
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par plus 300% of index return subject to a maximum return of par plus 26%; 1% loss for every 1% that index declines
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Initial level: | 1,870.82
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Upside leverage: | 300%
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Cap: | 26%
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Pricing date: | June 30, 2022
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Settlement date: | July 6, 2022
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Agent: | J.P. Morgan Securities LLC
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Distributor: | Morgan Stanley Wealth Management
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Fees: | 2.25%
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Cusip: | 48133E629
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