New Issue: JPMorgan prices $694,000 uncapped digital barrier notes on Dow, iShares

By Kiku Steinfeld

Chicago, Jan. 10 – JPMorgan Chase Financial Co. LLC priced $694,000 of 0% uncapped digital barrier notes due April 28, 2028 linked to the Dow Jones industrial average and iShares Russell 2000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing asset ends above its 70% barrier the payout at maturity will be par plus the greater of the worst performing asset return and 58.3%. 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
Guarantor:	JPMorgan Chase & Co.
Issue:	Uncapped digital barrier notes
Underlying assets:	Dow Jones industrial average and iShares Russell 2000 Value ETF
Amount:	$694,000
Maturity:	April 28, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing asset finishes at or above its 70% barrier, par plus greater of worst performing asset return and 58.3%; 1% loss for every 1% that worst performing asset declines if it finishes below its barrier
Initial levels:	33,530.83 for Dow, $131.70 for iShares Russell Value ETF
Digital payment:	58.3%
Barriers:	23,471.581 for Dow, $92.19 for iShares Russell Value ETF, 70% of initial level
Pricing date:	April 25, 2023
Settlement date:	April 28, 2023
Agent:	J.P. Morgan Securities LLC
Fees:	1.125%
Cusip:	48133VW63

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.