Published on 1/9/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.21 million buffered digital notes tied to Amazon, Microsoft, Alphabet
By William Gullotti
Buffalo, N.Y., Jan. 9 – JPMorgan Chase Financial Co. LLC priced $2.21 million of 0% buffered digital notes due Dec. 21, 2023 linked to the least performing of the stocks of Alphabet Inc., Amazon.com, Inc. and Microsoft Corp., according to a 424B2 filing with the Securities and Exchange Commission.
If each stock finishes at or above its 70% buffer level, the payout at maturity will be par plus a 14.3% digital return.
Otherwise, investors will lose 1% for each 1% decline of the worst performer beyond 30%.
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: | Buffered digital notes
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| Underlying stocks: | Microsoft Corp., Amazon.com, Inc., Alphabet Inc.
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| Amount: | $2,207,000
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| Maturity: | Dec. 21, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 14.3% digital return if each stock finishes at or above buffer level; otherwise, 1% loss for each 1% decline of worst performer beyond 30%
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| Initial levels: | $94.85 for Amazon, $241.68 for Microsoft, $98.36 for Alphabet
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| Buffer levels: | 70% of initial levels
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| Pricing date: | Nov. 17, 2022
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| Settlement date: | Nov. 22, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.725%
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| Cusip: | 48133PTG8
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