Published on 8/24/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $6.22 million 10.75% callable yield notes linked to Dow, Russell, S&P
New York, Aug. 24 – JPMorgan Chase Financial Co. LLC priced $6.22 million of 10.75% callable yield notes due Aug. 22, 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.
Interest will be paid monthly.
The notes may be called at par on any monthly interest payment date starting Feb. 23, 2024.
The payout at maturity will be par if the worst performing index finishes at or above its 70% trigger. 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: | Callable yield notes
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Underlying indexes: | Dow Jones industrial average, Russell 2000 index and S&P 500 index
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Amount: | $6,219,000
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Maturity: | Aug. 22, 2024
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Coupon: | 10.75%, paid monthly
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Price: | Par
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Payout at maturity: | Par if worst performing index finishes at or above its trigger value; otherwise, 1% loss for every 1% that worst performing index declines
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Call option: | At par on any monthly interest payment date starting Feb. 23, 2024
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Initial levels: | 34,500.66 for Dow Jones industrial average, 1,859.421 for Russell 2000, 4,369.71 for S&P 500
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Trigger levels: | 24,150.462 for Dow Jones industrial average, 1,301.5947 for Russell 2000, 3,058.797 for S&P 500, 70% of initial level
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Pricing date: | Aug. 18
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Settlement date: | Aug. 23
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.2%
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Cusip: | 48133YX41
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