E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 7/28/2023 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $2.55 million digital contingent buffered notes on S&P 500

New York, July 28 – JPMorgan Chase Financial Co. LLC priced $2.55 million of 0% digital contingent buffered notes due Aug. 7, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains or falls by no more than its 25% buffer the payout at maturity will be par plus 7.9%. The payout will be par less the decline in the index if it finishes below the contingent buffer.

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 index:S&P 500 index
Amount:$2,545,000
Maturity:Aug. 7, 2024
Coupon:0%
Price:Par
Payout at maturity:If index gains or declines but by no more than 25% buffer, par plus 7.9%; full exposure to the decline of index if it finishes below the contingent buffer
Initial level:4,536.34
Digital payment:7.9%
Contingent buffer:25%
Pricing date:July 21
Settlement date:July 26
Agent:J.P. Morgan Securities LLC
Fees:1%
Cusip:48133YKB9

© 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.