E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 8/29/2023 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $255,000 digital barrier notes linked to clean energy ETF

Chicago, Aug. 29 – JPMorgan Chase Financial Co. LLC priced $255,000 of 0% digital barrier notes due Aug. 22, 2024 linked to the iShares Global Clean Energy ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF ends above its 60% barrier the payout at maturity will be par plus 16.15%. Investors will lose 1% for every 1% that the 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 ETF:iShares Global Clean Energy ETF
Amount:$255,000
Maturity:Aug. 22, 2024
Coupon:0%
Price:Par
Payout at maturity:If ETF finishes at or above its 60% barrier, par plus 16.15%; 1% loss for every 1% that ETF declines if it finishes below its barrier
Initial level:$22.54
Barrier level:$13.524, 60% of initial level
Digital payment:16.15%
Pricing date:Aug. 19, 2022
Settlement date:Aug. 24, 2022
Agent:J.P. Morgan Securities LLC
Fees:0.45%
Cusip:48133LZD7

© 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.