Published on 3/28/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $480,000 notes linked S&P 500 Dividend Aristocrats
By Kiku Steinfeld
Chicago, March 28 – JPMorgan Chase Financial Co. LLC priced $480,000 of 0% notes due July 3, 2025 linked to the S&P 500 Dividend Aristocrats Risk Control 8% Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 140% of the index return, subject to a minimum payout of par.
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: | Notes
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Underlying index: | S&P 500 Dividend Aristocrats Risk Control 8% Excess Return
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Amount: | $480,000
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Maturity: | July 3, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 140% of index return, subject to minimum payout of par
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Initial level: | 2,515.710
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Pricing date: | June 30, 2023
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Settlement date: | July 6, 2023
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.25%
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Cusip: | 48133XJC1
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