Published on 3/31/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $12.32 million 8.7% contingent interest notes linked to Russell 2000, S&P 500
New York, March 31 – JPMorgan Chase Financial Co. LLC priced $12.32 million of contingent interest notes due March 27, 2026 linked to the Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.7%.
If the worst performing index gains or ends above its 70% trigger value the payout at maturity will be par plus the contingent coupon. Investors will lose 1% for every 1% that the worst performing index declines if it finishes below its trigger value.
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: | Contingent interest notes
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Underlying indexes: | Russell 2000 index and S&P 500 index
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Amount: | $12,319,000
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Maturity: | March 27, 2026
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Coupon: | 8.7%
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Price: | Par
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Payout at maturity: | If worst performing index finishes at or above its 70% trigger value, par; 1% loss for every 1% that worst performing index declines if it finishes below its trigger value
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Initial levels: | 1,734.923 for Russell 2000, 3,970.99 for S&P 500
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Trigger values: | 1,214.4461 for Russell 2000, 2,779.693 for S&P 500, 70% of initial level
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Pricing date: | March 24
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Settlement date: | March 29
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0%
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Cusip: | 48133UVD1
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