Published on 6/21/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $625,000 digital buffered notes on Brent Crude Oil Futures
By Kiku Steinfeld
Chicago, June 21 – JPMorgan Chase Financial Co. LLC priced $625,000 of 0% digital buffered notes due Feb. 29, 2024 linked to the Brent Crude Oil Futures Contract, according to a 424B2 filing with the Securities and Exchange Commission.
If the commodity finishes at or above its 65% buffer level, the payout at maturity will be par plus 12.8%. Otherwise, investors will lose 1.53846% for every 1% of decline in commodity price beyond 35%.
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: | Digital buffered notes
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Underlying commodity: | Brent Crude Oil Futures Contract
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Amount: | $625,000
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Maturity: | Feb. 29, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If commodity finishes at or above its buffer level, par plus 12.8%; otherwise, investors will lose 1.53846% for every 1% of decline in commodity price beyond buffer
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Initial level: | $85.46
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Digital payment: | 12.8%
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Buffer: | 35%
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Buffer level: | 65% of initial levels
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Pricing date: | Jan. 31, 2023
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Settlement date: | Feb. 3, 2023
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48133U2X9
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