JPMorgan Chase & Co. Issues Pricing Supplement Detailing Estimated Value of Notes
JPMorgan Chase & Co. has issued a pricing supplement detailing the estimated value of its notes, which are based on internal funding rates and market inputs.
The estimated value is comprised of two components: a fixed-income debt component with the same maturity as the notes, valued using JPMorgan's internal funding rate; and the derivative or derivatives underlying the economic terms of the notes, valued using internal pricing models of the company's affiliates.
The internal funding rate used to determine the estimated value may differ from market-implied funding rates for similar instruments issued by JPMorgan Chase & Co. or its affiliates.
The use of an internal funding rate and any potential changes to it may have an adverse effect on the terms of the notes and secondary market prices.