Published on 3/17/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.02 million capped notes linked to Dow, Nasdaq, Russell
New York, March 17 – JPMorgan Chase Financial Co. LLC priced $1.02 million of 0% capped notes due Feb. 5, 2026 linked to the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains, the payout at maturity will be par plus the return of that index, capped at par plus 70%.
Otherwise, investors will lose 1% for every 1% that the worst performing index declines, subject to a minimum payout of 95% of par.
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: | Capped notes
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| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
|
| Amount: | $1.02 million
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| Maturity: | Feb. 5, 2026
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| Coupon: | 0%
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| Price: | Par
|
| Payout at maturity: | If worst performing index gains, par plus that index return, capped at par plus 70%; otherwise, 1% loss for every 1% that worst performing index declines, subject to a minimum payout of 95% of par
|
| Initial levels: | 12,101.93 for Nasdaq-100, 1,931.945 for Russell 2000, 34,086.04 for Dow Jones
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| Cap: | 70%
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| Principal protection: | 95%
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| Pricing date: | Jan. 31
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| Settlement date: | Feb. 3
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.80931%
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| Cusip: | 48133TKH7
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