Published on 9/13/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.15 million uncapped digital barrier notes tied to Dow, Nasdaq, Russell
New York, Sept. 13 – JPMorgan Chase Financial Co. LLC priced $1.15 million of 0% uncapped digital barrier notes due Sept. 13, 2028 linked to the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 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 60% 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, Nasdaq-100 index and Russell 2000 index
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| Amount: | $1,146,000
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| Maturity: | Sept. 13, 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: | 34,576.59 for Dow Jones industrial average, 15,280.23 for Nasdaq-100, 1,851.545 for Russell 2000
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| Digital payment: | 65.15%
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| Barriers: | 20,745.954 for Dow Jones industrial average, 9,168.138 for Nasdaq-100, 1,110.927 for Russell 2000, 60% of initial levels
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| Pricing date: | Sept. 8
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| Settlement date: | Sept. 13
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48134AQS7
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