Published on 2/2/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $3.24 million digital barrier notes linked to Starbucks, Hasbro
By William Gullotti
Buffalo, N.Y., Feb. 2 – JPMorgan Chase Financial Co. LLC priced $3.24 million of 0% digital barrier notes due Feb. 21, 2025 linked to the stock performance of Starbucks Corp. and Hasbro, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If each stock finishes at or above its 60% barrier level, the payout at maturity will be par plus 17.5%.
Otherwise, investors will be fully exposed to the decline of the laggard stock from its initial price.
The notes are guaranteed by JPMorgan Chase & Co.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Digital barrier notes
|
| Underlying stocks: | Starbucks Corp., Hasbro, Inc.
|
| Amount: | $3,244,000
|
| Maturity: | Feb. 21, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each stock finishes at or above barrier level, par plus 17.5%; otherwise, full exposure to decline of laggard stock from initial price
|
| Initial prices: | $92.70 for Starbucks, $47.11 for Hasbro
|
| Barrier levels: | $55.62 for Starbucks, $28.266 for Hasbro; 60% of initial levels
|
| Strike date: | Jan. 16
|
| Pricing date: | Jan. 17
|
| Settlement date: | Jan. 22
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.47%
|
| Cusip: | 48134TVZ4
|
|
|
© 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.
