New Issue: JPMorgan prices $300,000 digital contingent buffered notes linked to stock basket

By Kiku Steinfeld

Chicago, Oct. 13 – JPMorgan Chase Financial Co. LLC priced $300,000 of 0% digital contingent buffered notes due April 10, 2024 linked to an equally weighted basket consisting of Morgan Stanley, Bank of America Corp., Citigroup Inc., Wells Fargo & Co. and Goldman Sachs Group, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the basket finishes at or above 75% of its initial level, the payout at maturity will be par plus 11.75%.

Otherwise, investors will lose 1% for every 1% decline of the basket from its initial level.

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:	Digital contingent buffered notes
Underlying basket:	Morgan Stanley, Bank of America Corp., Citigroup Inc., Wells Fargo & Co. and Goldman Sachs Group, Inc.; equally weighted
Amount:	$300,000
Maturity:	April 10, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If basket finishes at or above 75% of initial level, par plus 11.75%; otherwise, full exposure to the decline of basket from initial level
Initial level:	$83.95 for Morgan Stanley, $27.14 for BofA, $43.11 for Citi, $36.23 for Wells, $312.57 for Goldman
Contingent buffer:	25%
Pricing date:	March 24, 2023
Settlement date:	March 29, 2023
Agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	48133VGD6

© 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.