Published on 11/8/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $405,000 capped buffered digital notes linked to S&P 500
By Kiku Steinfeld
Chicago, Nov. 8 – JPMorgan Chase Financial Co. LLC priced $405,000 of 0% capped buffered digital notes due April 9, 2026 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be the greater of par plus 12% and par plus the index return, subject to a maximum payout of par plus 34%.
Investors will receive par if the index declines by no more than 30% and will lose 1% for each 1% decline beyond 30%.
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.
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| Issue: | Capped buffered digital notes
|
| Underlying index: | S&P 500 index
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| Amount: | $405,000
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| Maturity: | April 9, 2026
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If index finishes at or above initial level, the greater of par plus 12% and par plus the index return, subject to a maximum payout of par plus 34%; par if index declines but finishes at or above buffer level; otherwise, 1% loss for every 1% decline beyond 30%
|
| Initial level: | 4,105.02
|
| Buffer level: | 70% of initial level
|
| Pricing date: | April 6, 2023
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| Settlement date: | April 12, 2023
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.45%
|
| Cusip: | 48133VCB4
|
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