Published on 5/22/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $16.78 million Trigger PLUS linked to Euro Stoxx 50
New York, May 22 – JPMorgan Chase Financial Co. LLC priced $16.78 million of 0% Trigger PLUS due May 22, 2029 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 177% of the index return. Investors will receive par if the index return is negative but ends at or above the 70% trigger and will lose 1% for every 1% decline if it ends below the trigger level.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent. Morgan Stanley Wealth Management will act as distributor.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Trigger PLUS
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| Underlying index: | Euro Stoxx 50 index
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| Amount: | $16,775,000
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| Maturity: | May 22, 2029
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is positive, par plus 177% of index return; par if index declines but finishes at or above trigger level; 1% loss for every 1% that index declines if it finishes below trigger level
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| Initial level: | 4,323.23
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| Trigger level: | 3,026.261, 70% of initial level
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| Upside leverage: | 177%
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| Cap: | None
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| Pricing date: | May 17
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| Settlement date: | May 22
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| Agent: | J.P. Morgan Securities LLC
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| Distributor: | Morgan Stanley Wealth Management
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| Fees: | 3.5% including a structuring fee of 0.5%
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| Cusip: | 48133WQT8
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