Published on 6/28/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $446,000 notes linked to S&P 500
Chicago, June 28 – JPMorgan Chase Financial Co. LLC priced $446,000 of 0% notes due Dec. 3, 2026 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 final index level is greater than the initial index level, the payout at maturity will be par plus 105% of the index return.
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: | Notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $446,000
|
| Maturity: | Dec. 3, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than initial index level, par plus 105% of index return; otherwise, par
|
| Initial level: | 4,179.83
|
| Pricing date: | May 31
|
| Settlement date: | June 5
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.5%
|
| Cusip: | 48133WLZ9
|
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