Published on 1/12/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $8.78 million digital notes linked to Delta, Meta
By Wendy Van Sickle
Columbus, Ohio, Jan. 12 – JPMorgan Chase Financial Co. LLC priced $8.78 million of 0% digital notes due Jan. 25, 2024 linked to the least performing of the shares of Meta Platforms, Inc. and Delta Air Lines, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If each stock closes at or above trigger level, 50% of initial level, on every trading day during the life of the notes and finish at or above trigger level, the payout at maturity will be par plus 29.75%.
If either stock closes below trigger level during the life of the notes but each stock finishes at or above initial levels, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% decline of the worst performer from its initial level.
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 notes
|
| Underlying stocks: | Meta Platforms, Inc., Delta Air Lines, Inc.
|
| Amount: | $8,782,000
|
| Maturity: | Jan. 25, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If neither stock closes below trigger level during the life of the notes and both finish at or above trigger level, par plus 29.75%; if either stock closes below trigger level during the life of the notes and both stocks finish above initial level, par; otherwise, lose 1% for every 1% decline of worst performer from its initial level
|
| Initial levels: | $119.76 for Meta, $33.67 for Delta
|
| Trigger levels: | $59.88 for Meta, $16.835 for S&P; 50% of initial levels
|
| Pricing date: | Dec. 22
|
| Settlement date: | Dec. 28
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.25%
|
| Cusip: | 48133TGB5
|
|
|
© 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.
