Published on 9/12/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $4.29 million 22.85% yield notes on three stocks
Chicago, Sept. 12 – JPMorgan Chase Financial Co. LLC priced $4.29 million of yield notes due Sept. 11, 2025 linked to the least performing of the common stocks of Advanced Micro Devices, Inc., Tesla, Inc. and Upstart Holdings, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 22.85%, paid monthly.
If the worst performing stock gains or ends above its 20% buffer the payout at maturity will be par plus the coupon. Investors will lose 1% for each 1% decline in the worst performing stock beyond its buffer.
The notes are non-callable.
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: | Yield notes
|
Underlying stocks: | Advanced Micro Devices, Inc., Tesla, Inc. and Upstart Holdings, Inc.
|
Amount: | $4,286,000
|
Maturity: | Sept. 11, 2025
|
Coupon: | 22.85% annual rate, paid monthly
|
Price: | Par
|
Payout at maturity: | If worst performing stock finishes at or above its 20% buffer, par; otherwise, 1% loss for every 1% that worst performing stock declines beyond its buffer
|
Initial levels: | $109.28 for AMD, $251.92 for Tesla, $32.61 for Upstart
|
Buffer: | 20%
|
Call: | Non-callable
|
Pricing date: | Sept. 6
|
Settlement date: | Sept. 11
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 0.4%
|
Cusip: | 48134AXY6
|
|
© 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.