Published on 4/8/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $445,000 digital barrier notes linked to Dow, Nasdaq, S&P
By Kiku Steinfeld
Chicago, April 10 – JPMorgan Chase Financial Co. LLC priced $445,000 of 0% digital barrier notes due Dec. 19, 2024 linked to the Dow Jones industrial average, Nasdaq-100 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index ends above its 61% barrier, the payout at maturity will be par plus 18%. Investors will lose 1% for every 1% that the worst performing index 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 indexes: | Dow Jones industrial average, Nasdaq-100 index and S&P 500 index
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Amount: | $445,000
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Maturity: | Dec. 19, 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 61% barrier, par plus 18%; 1% loss for every 1% that worst performing index declines if it finishes below its barrier
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Initial levels: | 33,202.22 for Dow, 11,345.22 for Nasdaq, 3,895.75 for S&P
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Digital payment: | 18%
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Barriers: | 20,253.3542 for Dow, 6,920.5842 for Nasdaq, 2,376.4075 for S&P, 61% of initial level
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Pricing date: | Dec. 15
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Settlement date: | Dec. 20
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.47247%
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Cusip: | 48133PYV9
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