Published on 6/27/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.94 million trigger jump securities linked to Euro Stoxx 50
Chicago, June 27 – JPMorgan Chase Financial Co. LLC priced $2.94 million of 0% trigger jump securities due April 30, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the index is positive, the payout at maturity will be par plus 21.6%. Investors will receive par if the index declines but finishes at or above the 75% trigger level and will lose 1% for every 1% that the index declines if it finishes 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
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Trigger jump securities
|
Underlying index: | Euro Stoxx 50 index
|
Amount: | $2,941,000
|
Maturity: | April 30, 2025
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index return is positive, par plus 21.6%; 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
|
Initial level: | 4,218.04
|
Trigger: | 3,163.53, 75% of initial level
|
Upside payment: | 21.6%
|
Pricing date: | May 31
|
Settlement date: | June 5
|
Agent: | J.P. Morgan Securities LLC
|
Distributor: | Morgan Stanley Wealth Management
|
Fees: | 2.5%
|
Cusip: | 48133WWY0
|
|
© 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.