Published on 11/13/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.34 million uncapped digital barrier notes linked to Dow, Russell, S&P
New York, Nov. 13 – JPMorgan Chase Financial Co. LLC priced $2.34 million of 0% uncapped digital barrier notes due Nov. 8, 2028 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 finishes flat or gains, the payout at maturity will be par plus the greater of that index’s return and 65.15%.
The payout will be par if the worst performing index declines but finishes at or above its 70% barrier. 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: | Uncapped 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: | $2,344,000
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| Maturity: | Nov. 8, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes flat or gains, par plus greater of that index’s return and 65.15%; par if worst performing index declines but finishes at or above its barrier; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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| Initial levels: | 34,061.32 for Dow Jones industrial average, 1,760.705 for Russell 2000, 4,358.34 for S&P 500
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| Digital payment: | 65.15%
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| Barriers: | 23,842.924 for Dow Jones industrial average, 1,232.4935 for Russell 2000, 3,050.838 for S&P 500, 70% of initial levels
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| Pricing date: | Nov. 3
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| Settlement date: | Nov. 8
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3.35%
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| Cusip: | 48134RCW6
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