Published on 3/8/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.97 million capped digital notes linked to Dow, Nasdaq, Russell
By William Gullotti
Buffalo, N.Y., March 8 – JPMorgan Chase Financial Co. LLC priced $1.97 million of 0% capped digital notes due June 6, 2024 linked to the performance of the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes at or above its digital barrier, 80% of initial level, the payout at maturity will be par plus 7.25%.
Otherwise, investors will receive par.
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: | Capped digital notes
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Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index, Russell 200 index
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Amount: | $1.97 million
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Maturity: | June 6, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above its digital barrier, par plus 7.25%; otherwise, par
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Initial levels: | 33,390.97 for Dow, 12,290.81 for Nasdaq, 1,928.263 for Russell
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Digital barriers: | 26,712.776 for Dow, 9,832.648 for Nasdaq, 1,542.6104 for Russell; 80% of initial levels
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Pricing date: | March 3
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Settlement date: | March 8
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.59594%
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Cusip: | 48133UMZ2
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