Published on 4/19/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $802,000 digital barrier notes linked to three ETFs
Chicago, April 19 – JPMorgan Chase Financial Co. LLC priced $802,000 of 0% digital barrier notes due Jan. 31, 2025 linked to the least performing of the Invesco QQQ Trust, Series 1, SPDR S&P 500 ETF Trust and iShares Russell 2000 ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing ETF ends above its 65% barrier the payout at maturity will be par plus 8.25%. Investors will lose 1% for every 1% that the worst performing ETF declines if it finishes below the barrier.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Digital barrier notes
|
Underlying ETFs: | Invesco QQQ Trust, Series 1, SPDR S&P 500 ETF Trust and iShares Russell 2000 ETF
|
Amount: | $802,000
|
Maturity: | Jan. 31, 2025
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If worst performing ETF finishes at or above its 65% barrier, par plus 8.25%; 1% loss for every 1% that worst performing ETF declines if it finishes below its barrier
|
Initial levels: | $421.18 for Invesco, $482.43 for SPDR S&P, $192.43 for iShares Russell
|
Barrier levels: | $273.767 for Invesco, $313.5795 for SPDR S&P, $125.0795 for iShares Russell, 65% of initial levels
|
Digital payment: | 8.25%
|
Pricing date: | Jan. 19
|
Settlement date: | Jan. 24
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 0.2%
|
Cusip: | 48134TYU2
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.