Published on 6/28/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.58 million return notes linked to basket of 20 stocks
By William Gullotti
Buffalo, N.Y., June 28 – JPMorgan Chase Financial Co. LLC priced $1.58 million of 0% return notes due June 26, 2025 linked to an equally-weighted basket of stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The stock basket consists of Merck & Co., Inc., Eli Lilly & Co., BioMarin Pharmaceutical Inc., Biogen Inc., Regeneron Pharmaceuticals, Inc., Zoetis Inc., Boston Scientific Corp., Abbott Laboratories, Alcon Inc., Zimmer Biomet Holdings, Inc., Thermo Fisher Scientific Inc., Danaher Corp., Avantor, Inc., Humana Inc., UnitedHealth Group Inc., HCA Healthcare, Inc., NIKE, Inc., Vail Resorts, Inc., Procter & Gamble Co. and Topgolf Callaway Brands Corp.
The payout at maturity will be par times the basket return times a basket adjustment factor of 101.75%.
Investors will lose some or all of their principal amount if the basket return reflects a decline of more than 1.7199%.
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: | Return notes
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| Underlying stocks: | Merck & Co., Inc., Eli Lilly & Co., BioMarin Pharmaceutical Inc., Biogen Inc., Regeneron Pharmaceuticals, Inc., Zoetis Inc., Boston Scientific Corp., Abbott Laboratories, Alcon Inc., Zimmer Biomet Holdings, Inc., Thermo Fisher Scientific Inc., Danaher Corp., Avantor, Inc., Humana Inc., UnitedHealth Group Inc., HCA Healthcare, Inc., NIKE, Inc., Vail Resorts, Inc., Procter & Gamble Co., Topgolf Callaway Brands Corp.; equal weights
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| Amount: | $1,575,000
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| Maturity: | June 26, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par times basket return times 101.75% basket adjustment factor; investors will lose some or all of their principal amount if the basket return reflects a decline of more than 1.7199%
|
| Initial values: | $113.72 for Merck, $457.68 for Eli Lilly, $95.61 for BioMarin, $293.95 for Biogen, $779.81 for Regeneron, $170.16 for Zoetis, $54.64 for Boston Scientific, $108.25 for Abbott, $80.96 for Alcon, $144.58 for Zimmer Biomet, $528.31 for Thermo Fisher, $236.38 for Danaher, $20.08 for Avantor, $456.44 for Humana, $479.05 for UnitedHealth, $294.40 for HCA Healthcare, $110.46 for NIKE, $247.48 for Vail, $149.95 for Procter & Gamble, $19.19 for Topgolf Callaway
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| Pricing date: | June 22
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| Settlement date: | June 27
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | None
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| Cusip: | 48129KCB4
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