Published on 5/11/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $4.01 million buffered digital notes on S&P, Russell, Nasdaq
New York, May 11 – JPMorgan Chase Financial Co. LLC priced $4.01 million of 0% buffered digital notes due June 8, 2023 linked to the S&P 500 index, Russell 2000 index and Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains or ends above its 25% buffer the payout at maturity will be par plus 7.5%. Investors will lose of any decline in the worst performing index beyond its buffer.
The notes are non-callable.
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 indexes: | S&P 500 index, Russell 2000 index and Nasdaq-100 index
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Amount: | $4,005,000
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Maturity: | June 8, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index gains or declines but by no more than 25% buffer, par plus 7.5%; 1% loss for every 1% that worst performing index declines beyond the buffer
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Initial level: | 13,535.71 for Nasdaq-100, 1,949.923 for Russell 2000, 4,300.17 for S&P 500
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Buffer: | 25%
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Call: | Non-callable
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Pricing date: | May 6
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Settlement date: | May 11
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.5%
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Cusip: | 48133FQ73
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