Published on 10/25/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $599,000 0% buffered digital notes linked to S&P 500
By Kiku Steinfeld
Chicago, Oct. 25 – JPMorgan Chase Financial Co. LLC priced $599,000 of 0% buffered digital notes due May 2, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains or declines but by no more than its 25% buffer the payout at maturity will be par plus 7.2%. Investors will lose 1% for every 1% the 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 index: | S&P 500 index
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Amount: | $599,000
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Maturity: | May 2, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains or declines but by no more than 25% buffer, par plus 7.2%; 1% loss for every 1% that index declines beyond the buffer
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Initial level: | 4,027.81
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Buffer: | 25%
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Call: | Non-callable
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Pricing date: | March 29, 2023
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Settlement date: | April 3, 2023
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.66302%
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Cusip: | 48133VJX9
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