Published on 2/27/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $805,000 0% buffered digital notes on Dow, Nasdaq, S&P
Chicago, Feb. 27 – JPMorgan Chase Financial Co. LLC priced $805,000 of 0% buffered digital notes due Feb. 15, 2023 linked to the least performing of the Dow Jones industrial average, Nasdaq-100 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains or declines but by no more than its 20% buffer the payout at maturity will be par plus 5.6%. Investors will lose 1% for every 1% the worst performing index declines 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: | Dow Jones industrial average, Nasdaq-100 index and S&P 500 index
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Amount: | $805,000
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Maturity: | Feb. 15, 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 20% buffer, par plus 5.6%; 1% loss for every 1% that worst performing index declines beyond the buffer
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Initial levels: | 32,160.74 for Dow, 12,345.86 for Nasdaq, 4,001.05 for S&P
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Buffer: | 20%
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Call: | Non-callable
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Pricing date: | May 10, 2022
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Settlement date: | May 13, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.6%
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Cusip: | 48133FT54
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