Published on 11/17/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $488,000 digital barrier notes linked to indexes, ETF
Chicago, Nov. 17 – JPMorgan Chase Financial Co. LLC priced $488,000 of 0% digital barrier notes due April 10, 2023 linked to the least performing of the Dow Jones industrial average, Russell 2000 index and VanEck Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing asset ends above its 70% barrier the payout at maturity will be par plus 12.5%. Investors will lose 1% for every 1% that the worst performing asset 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
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Digital barrier notes
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Underlying assets: | Dow Jones industrial average, Russell 2000 index and VanEck Gold Miners ETF
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Amount: | $488,000
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Maturity: | April 10, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing asset finishes at or above its 70% barrier, par plus 12.5%; 1% loss for every 1% that worst performing asset declines if it finishes below its barrier
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Initial levels: | 33,614.80 for Dow, 2,000.900 for Russell, $37.40 for ETF
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Digital payment: | 12.5%
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Barriers: | 23,530.36 for Dow, 1,400.63 for Russell, $26.18 for ETF, 70% of initial levels
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Pricing date: | March 4
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Settlement date: | March 9
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.4%
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Cusip: | 48133DSG6
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