Published on 12/9/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $535,000 uncapped digital barrier notes on ETF, Dow
Chicago, Dec. 11 – JPMorgan Chase Financial Co. LLC priced $535,000 of 0% uncapped digital barrier notes due Nov. 2, 2027 linked to the lesser performing of the ARK Innovation ETF and Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing asset ends above its 60% barrier the payout at maturity will be par plus the greater of the worst performing asset return and 115.6%. Investors will lose 1% for every 1% that the worst performing asset 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: | Uncapped digital barrier notes
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Underlying assets: | ARK Innovation ETF and Dow Jones industrial average
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Amount: | $535,000
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Maturity: | Nov. 2, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing asset finishes at or above its 60% barrier, par plus greater of worst performing asset return and 115.6%; 1% loss for every 1% that worst performing asset declines if it finishes below its barrier
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Initial levels: | $38.89 for ARK ETF, 32,861.80 for Dow
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Barrier levels: | $23.334 for ARK ETF, 19,717.08 for Dow, 60% of initial levels
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Digital payment: | 115.6%
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Pricing date: | Oct. 28, 2022
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Settlement date: | Nov. 2, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.82126%
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Cusip: | 48133NX60
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