Published on 3/7/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $3.59 million digital barrier notes linked to Dow, Russell, S&P
New York, March 7 – JPMorgan Chase Financial Co. LLC priced $3.59 million of 0% digital barrier notes due April 3, 2024 linked to the Dow Jones industrial average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index ends at or above its 60% barrier, the payout at maturity will be par plus 7%.
Otherwise, investors will lose 1% for every 1% that the worst performing index declines from initial level.
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 indexes: | Dow Jones industrial average, Russell 2000 index and S&P 500 index
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Amount: | $3,589,000
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Maturity: | April 3, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index finishes at or above its 60% barrier, par plus 7%; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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Initial levels: | 32,656.70 for Dow Jones industrial average, 1,896.991 for Russell 2000, 3,970.15 for S&P 500
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Digital payment: | 7%
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Barriers: | 19,594.02 for Dow Jones industrial average, 1,138.1946 for Russell 2000, 2,382.09 for S&P 500, 60% of initial level
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Pricing date: | Feb. 28
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Settlement date: | March 3
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.225%
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Cusip: | 48133UK43
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