Published on 3/22/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $484,000 capped digital notes linked to S&P 500
By Kiku Steinfeld
Chicago, March 22 – JPMorgan Chase Financial Co. LLC priced $484,000 of 0% capped digital notes due Dec. 4, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes flat or gains, the payout at maturity will be par plus 23%.
Otherwise, investors will receive par.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped digital notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $484,000
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| Maturity: | Dec. 4, 2025
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If index return is zero or positive, par plus 23%; otherwise, par
|
| Initial level: | 4,080.11
|
| Pricing date: | Nov. 30, 2022
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| Settlement date: | Dec. 5, 2022
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.35%
|
| Cusip: | 48133PKK8
|
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