Published on 9/5/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.1 million review notes linked to MerQube US Tech+
New York, Sept. 5 – JPMorgan Chase Financial Co. LLC priced $1.1 million of 0% review notes due Sept. 1, 2028 linked to the MerQube US Tech+ Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at par plus a call premium of 20.5% per year if the index closes at or above its initial level on any quarterly determination date starting Feb. 29, 2024.
The notes are guaranteed by JPMorgan Chase & Co.
Investors will receive par unless the index declines by more than 50%, in which case investors will lose 1% for every 1% that the index declines from initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Review notes
|
| Underlying index: | MerQube US Tech+ Vol Advantage index
|
| Amount: | $1,104,000
|
| Maturity: | Sept. 1, 2028
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If not called at maturity and index finishes at or above barrier level, par; otherwise, full exposure to loss
|
| Call: | Automatically at par plus a call premium of 20.5% per year if the index closes at or above its initial level on any quarterly determination date starting Feb. 29, 2024
|
| Initial level: | 8,581.30
|
| Barrier level: | 4,290.65, 50% of initial level
|
| Pricing date: | Aug. 29
|
| Settlement date: | Aug. 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 5%
|
| Cusip: | 48133YY73
|
|
|
|
|
© 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.
